Hyundai taps EV startup Canoo to develop electric vehicles
FEBRUARY 11, 2020
Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Earlier this month, Hyundai said it would invest $110 million in UK startup Arrival and jointly develop electric commercial vehicles. Canoo said it will provide engineering services to develop the electric platform.