Electric vehicle company Canoo negotiated with Apple in early 2020

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Electric vehicle company Canoo negotiated with Apple in early 2020

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Canoo

Rumors that Apple was working on an autonomous vehicle come and go through the seasons. About 2 years ago, all rumors indicated that Apple was in the middle of the design process. However, soon after, further rumors suggested that Apple had decided focus your efforts on other projects.

These projects also concerned vehicles, in particular an autonomous driving system for sale to car manufacturers. In recent months, these rumors have resurfaced, but it’s still unclear whether Apple’s idea is build an autonomous vehicle or driving system for these types of vehicles.

Anyway, the latest news related to Apple’s autonomous vehicles can be found in The Verge. According to this media outlet, Apple met the Canoo company in early 2020 to discuss a possible acquisition to an investment in the company.

Finally, the discussions with Apple did not materialize, but at least Canoo had the option of raise $ 300 million to finance the production of the vehicle alone.

Canoo has created a scalable and modular electric vehicle platform with a design that rewards the interior space of the cabin and focuses on the end user. The Verge reached out to this company, but their response is the same as Apple’s – they don’t comment on the strategies, relationships, and partnerships they work in.

Partnership with Hyundai

In February 2020, Canoo announced deal with Hyndai and Kia for the development of a new platform for electric vehicles. A few days ago, it was precisely announced that Apple had entered into an agreement with Hyundai to resume manufacturing of the Apple Car.

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