 Finally What's up money geeks mr. V here welcome to another video guys. So in this video we are going to talk about a rival This is an UK base EV company that I've actually covered here on the channel even before this company made an Imention of going public. So we've started talking about the company a While back. I really like the company. I like the direction in which a company is going and ever since they announced the merger with CC IG and we just kept monitoring the stocks and buying it as we see dip So they have some major updates. That's what I want us to cover in today's video But before we get started guys, I want to apologize the past couple days I've been able to post videos because I wasn't feeling well came down with a call and but now I feel good So I'm ready to get back into business if you're new to the channel We took about how to earn money how to save money how to invest and build wealth There's something that interests you go ahead and hit that subscribe button and a notification bell so you don't miss out on new Content. So guys again, I've covered a rival here details about the company What did do why I like the company their management team? I even did a video Interview with their president avanage. If you didn't watch that I'm gonna hook the video up here So you can definitely go check it out But today I just want to cover some major updates that the company has put out there So the first one that I want to talk about here is the fact that their shareholders have actually approved the merger between Arriver and CC IG. So that merger is good to go There's no hole back now. It's just a matter of Them going ahead and then changing the ticket symbol the closing of the business combination is Anticipated to take place on March 24th, and then following that that closure Then you have the rename of Arriver and its ordinary shares and Warren So they'll change your name currently from CC I see to ARVL that's gonna be the new name for the new ticket symbol for Arriver So if you after March 25th, you would see your ticket symbol would go from CC I see to ARVL So that's the update. So this is good I'm happy that the company is making this move and moving in the right direction The shareholders feel confident about the merger and that's why they're pushing this to go ahead So that's the news major news that I wanted to give you guys But some other updates that the company also put out just this last week I was the fact that they were opening their second Michael factory location in the United States So if you remember they have one in I think in South Carolina now the building another one in North Carolina So again, they're the model for building is they build these micro factories Which are not your typical mega factory or giga factories like Tesla They just built in smaller factories Which are easy to build to assemble and to disassemble so we can easily go into a city Where they have an order let's say they have an order for a thousand Vans in a particular city. They can just show the update build up micro Factory build the vans and deliver the vans and take down the factory and move it to the next location So that's the reason behind the Michael factory and I think it's it's a good way They're not we did not spending so much money on infrastructure and getting tied down to one specific location So that's just something that you guys definitely have to keep an eye on so again This one was just a quick update here for a rival the merger is official in this case and we're moving forward to Right now switching the ticket symbol to a RVL. That's the next phase So as of when I'm recording his video you can see the stock right right here is trading about 25 dollars and 28 cents I still really like this one like I've been adding on dip and I keep buying more as I see the opportunity because I mean They're right now looking they have a pending order with UPS to build A thousand delivery vans and that's why they're building a second factory here in the United States that micro factory here in the United States To meet that to meet the demand from you from UPS So that's something and once UPS comes in who knows you would probably have some other major orders from other major companies too But this is just a start and they have key main area of expertise as far as EV is city buses and And and vans like this which could be useful delivery Just for a handyman vans and stuff like that, but this is all EV And then the fact that their approach to development It's mostly their micro factory approach and then they are also building a lot of other stuff If the interview they had with their CEO He didn't even talk like he didn't even think that they are their vehicles where what makes them stand out He said the technology was what really makes him stand out He was so proud of the technology that they've built and as of right now a rival is actually positioning himself to be an end to end so the building materials that they're using for No, they're building the body of the cars, which is in-house material that they actually develop and the plan on selling that to other EV manufacturers so the company again is very new just getting started, but I see a huge potential here So that's why I wanted to make sure that you guys have this update. So guys, that's it for this video Let me know in the comment section if you do have any questions again guys This one just a quick recap here Just so you guys know the merger has been approved Combination is going to take place on March 24th That's when everything is going to be signed and then starting March 25th The ticket symbol is going to change from a from a CCIC to ARVL. That's gonna be the new ticket symbol so Again, let me know if you have any questions in the comment section if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and your notification bell too Don't miss out on new content. Also, if you are looking to get started with investing guys We both have your promotion where if you sign up and deposit a hundred dollars You get some free stacks links in the description below and as always guys Do your due diligence. Don't be a greedy savage and stay motivated