A flurry of activity over recent weeks has seen yet another EV player stirring up attention in the EV market, with UK-based start-up Arrival showing enough promise to warrant a $118 million investment from BlackRock. The investment, announced on Wednesday, aims to help to fund the early expansion of Arrival, with $46 million earmarked for the production of a new manufacturing facility in South Carolina, USA, which will start production in Q4 2021. This is the latest push of finance into the EV sector, which places the value of Arrival at approximately $3.5 billion, according to those familiar with the deal. The five-year old company has previously raised $111 million from Hyundai and Kia, as well as an undisclosed amount…