Friday, 10 April, 2020


Hyundai Partnering with Specialty EV Maker Canoo

Hyundai Partnering with Specialty EV Maker Canoo Hyundai Partnering with Specialty EV Maker Canoo
Conrad Doyle | 14 February, 2020, 02:06

Hyundai Motor Group has announced a new partnership with Canoo for the construction of an electric vehicle platform based on the Californian company's skateboard chassis.

This partnership is expected to increase auto giant's investment in next gen vehicle technologies.

Mergers, acquisitions, and collaborations across one of the biggest industries like automotive, is no more a big thing for the companies.

The platform is also what is expected to underpin Hyundai and Kia Purpose Built Vehicles (PBV)-such as those shown by Hyundai at this year's CES-that are meant to be self-driving.

Canoo said it will provide engineering services for the development of the electrical platform.

"We were highly impressed by the speed and efficiency in which Canoo developed their innovative EV architecture", Hyundai spokesperson Albert Biermann said.

Canoo_Engineering skateboard

The electric vehicle platform will be based on Canoo's proprietary skateboard design, according to the agreement that was announced Tuesday.

The announcement of the investment forms part of HMG's US$87 billion (A$129.4b) investment over the next five years, with US$25b (A$37.19b) of that being spent by Hyundai on future technologies, and the same amount by Kia for electrification and future mobility technologies, with the end goal of achieving 25 per cent of sales made up of eco-friendly vehicles by 2025. In addition, the Canoo skateboard is a self-contained unit that can be paired with any cabin design. Founded in December 2017, it presented its first model based on an internally developed battery-powered platform back in September 2019.

Seeing great potential on the skateboard platform, Hyundai aims to produce low-priced autonomous and manned delivery vehicles through its Los Angeles-based initiative.

"We have been working diligently to develop a bold new electric vehicle and partnering with a global leader like Hyundai is a validating moment for our young company", says Ulrich Kranz, In Charge of Canoo.

A new business model that focuses on reducing production and infrastructure costs to make EVs more affordable to customers. Canoo will provide both the platform and "engineering services".

The architecture is a reason where Hyundai Motor Group is showing interest. It is this Canoo architecture that interests Hyundai Motor Group.

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