STMicroelectronics Cooperates with Arrival to Provide Leading-Edge Technologies for Next-Generation Electric Vehicles

STMicroelectronics (“ST”) (NYSE: STM), a global semiconductor leader serving
customers across the spectrum of electronics applications, announced its
collaboration with Arrival (NASDAQ: ARVL), the global technology company
creating electric vehicles (EVs) using its unique technologies, to provide
leading-edge semiconductor technologies and products for Arrival’s vehicles
including automotive microcontrollers and power and battery-management
devices.

Arrival has chosen ST as one of its key partners in bringing its connected
EVs to market. ST’s technology will provide Arrival’s customers with
future-proofed zero-emission commercial vehicles as part of an integrated
mobility ecosystem. Arrival has selected ST’s high-performance, secure
automotive microcontrollers for their modular ECU platform, as well as other
ST technologies including smart-power and battery-management devices for
efficient vehicle electrification.

Arrival believes its vehicles represent the next generation of EVs having
been developed from the ground up using a radical new method of design and
production. This vertically integrated approach using in-house developed
hardware, software and robotics enables production in decentralised
Microfactories. These Microfactories can be deployed around the world to
service demand and supercharge local communities by hiring local talent,
utilising local supply chains, and paying local taxes.

Arrival’s entire vehicle portfolio, including its Van, Bus, and recently
announced Car, which is being designed in partnership with Uber for
ride-hailing, will feature ST’s technologies. Arrival has already secured a
commitment to purchase from UPS for up to 10,000 electric vehicles, with the
option for 10,000 more, and will see trials of its vehicles starting later
this year.

“We have been working with Arrival since their early stages, and we are
proud of the journey accomplished together as they head towards production,”
said Michael Anfang, Executive Vice President, Sales & Marketing, Europe,
Middle East and Africa Region at STMicroelectronics. “ST is a broad-based
technology supplier for the mobility industry’s transition to electrified
and digitalized platforms. This collaboration with a leading new entrant on
the market is a testament to our ability to support various operating
models. Arrival’s vehicles using ST technology will be an additional step
towards our shared vision of cleaner mobility.”

“STMicroelectronics are producing some of the best technology on the market
today. At Arrival, choosing the most advanced technologies for our vehicles
is crucial to extending the life of our products, improving their value
whilst making them even more sustainable by extending their usable life,”
said Sergey Malygin, EVP of Technology at Arrival.

About STMicroelectronics

At ST, we are 46,000 creators and makers of semiconductor technologies
mastering the semiconductor supply chain with state-of-the-art manufacturing
facilities. An independent device manufacturer, we work with more than
100,000 customers and thousands of partners to design and build products,
solutions, and ecosystems that address their challenges and opportunities,
and the need to support a more sustainable world. Our technologies enable
smarter mobility, more efficient power and energy management, and the
wide-scale deployment of the Internet of Things and 5G technology. Further
information can be found at www.st.com

About Arrival

Arrival (NASDAQ: ARVL) is reinventing the automotive industry with its
entirely new approach to the design and assembly of electric vehicles. Low
CapEx, rapidly scalable Microfactories combined with proprietary in-house
developed components, materials and software, enable the production of best
in class vehicles competitively priced to fossil fuel variants and with a
substantially lower total cost of ownership. This transformative approach
provides cities globally with the solutions they need to create sustainable
urban environments and exceptional experiences for their citizens. Arrival
is a global business founded in 2015 and headquartered in London, UK and
Charlotte, North Carolina, USA, with more than 1,900 global employees
located in offices across the United States, Germany, the Netherlands,
Israel, Russia, and Luxembourg. The company is deploying its first four
microfactories in North Carolina, USA, South Carolina, USA, Bicester, UK and
Madrid, Spain.