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Arrival's prototype electric UPS van. Photo: courtesy of Arrival

UPS is investing in Arrival, a U.K.-based electric truck manufacturer, and plans to buy at least 10,000 battery-powered delivery trucks worth $440 million over the next five years.

Why it matters: UPS is transforming its global logistics business to keep up with exploding e-commerce and increased urbanization — and the fallout from those trends like worsening congestion and climate change.

  • The purchase represents 10% of UPS' current fleet of 100,000 package delivery trucks in the U.S.
  • It more than doubles UPS' worldwide fleet of roughly 10,000 alternative fuel vehicles.

What's happening: UPS said it would take an undisclosed minority stake in Arrival, a company virtually unknown in the U.S. until recently.

  • Arrival has been quietly developing its EV skateboard platform since 2015, emerging last October as a potential rival to another buzzy electric truck manufacturer, Michigan-based Rivian.
  • UPS has an option to buy another 10,000 trucks by 2023, for a total order worth nearly $1 billion, Arrival said.
  • The two companies plan to collaborate on the design and production of future trucks designed to UPS' specifications.
  • Earlier this month, Hyundai and Kia also announced a $110 million investment in Arrival and said they, too, would work together on purpose-built EVs, especially for Europe, where stricter environmental regulations are kicking in.

How it works: Arrival designed its electric vehicles from the ground up to match the cost of gasoline or diesel trucks.

  • It uses lightweight materials and a modular EV base, which incorporates the battery pack, electric motor and driveline components.
  • The company says its EVs provide a range of up to 300 miles for planned routes and a 50% reduction in the total cost of ownership of traditional trucks.
  • The company’s "autonomous-ready" platform is outfitted with sensors and advanced driver assistance systems with the ultimate goal of full autonomy.

The big picture: UPS' interest in Arrival is part of a broader sustainability effort.

  • In recent years, the company has invested more than $1 billion to deploy about 10,000 alternative-fuel vehicles and infrastructure globally, including electric, hybrid, ethanol, natural gas and propane trucks.
  • It is expanding the use of route optimization and navigation software to reduce fuel consumption and emissions.
  • In London, UPS is testing smart-grid technology and energy storage batteries to charge an entire fleet of 170 electric trucks simultaneously overnight.
  • The company is collaborating with cities on innovative last-mile delivery systems like cargo e-bikes in dense urban areas.

Go deeper: Waymo pilot with UPS hints at future autonomous truck plan

Go deeper

The Exvangelicals

Illustration: Aïda Amer/Axios

Even as evangelicals maintain their position as the most popular religion in the U.S., a movement of self-described "exvangelicals" is breaking away, using social media to engage tens of thousands of former faithful.

The big picture: Donald Trump's presidency, as well as movements around LGBTQ rights, #MeToo and Black Lives Matter, drew more Americans into evangelical churches while also pushing some existing members away.

Updated 4 hours ago - Science

Huge wildfire reaches edge of Sequoia National Park

A plume of smoke and flames rise into the air as the fire burns towards Moro Rock during the KNP Complex fire in the Sequoia National Park near Three Rivers, California, on Saturday. Photo: Patrick T. Fallon/AFP via Getty Images

Firefighters in Sequoia National Park were working into the night after two wildfires merged to reach the Giant Forest Saturday.

Why it matters: This forest contains over 2,000 giant sequoias, including the General Sherman Tree — the world's largest tree by volume. Park officials wrapped the redwoods in foil last week as the Paradise and Colony Fires, now known as the KNP Complex Fire, neared. Protection efforts appeared to be working overnight.

5 hours ago - World

Hong Kong holds first "patriots only" elections

Hong Kong Chief Executive Carrie Lam during a news conference last Monday. Photo: Lui Siu Wai/Xinhua via Getty Images

Hong Kong's elections to choose the city's Election Committee members opened to a select group of voters on Sunday, under a new "patriots only" system imposed by China's government.

Why it matters: All candidates running to be members of the electoral college have been "vetted" by Beijing, per Reuters. They will go on to choose the Asian financial hub's next leader, approved by China's government, and some of its legislature.