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  "documentTitle": "Arrival | Results Presentation Deck | 17 slides",
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  "presentationDate": "2022-11-01 00:00:00",
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  "notes": "The slide explains why the company is pivoting or facing financial constraints regarding their UK production plans.",
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      "text": "In our Q2 financial results, we announced plans to use existing cash on hand of $513 million plus funds available through a $300 million At the Market (ATM) Platform to deliver the first vehicles to UK customers this year, invest in hard tooling and launch the Charlotte microfactory next year",
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      "text": "At the same time, the introduction of the Inflation Reduction Act tax credits ranging from $7,500 up to $40,000 for commercial electric vehicles, the large market size, plus the anticipated higher margins for commercial vehicles, made the US our most attractive market",
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      "text": "At the end of Q3 we had approximately $330 million of cash and cash equivalents on hand which is not enough capital to ramp up volume production of the L Van in Bicester.",
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