Hyundai has tapped California start-up Canoo for a huge and possibly game-changing electric vehicle partnership, which will see the motor group try to capitalize on a skateboard-style platform to house a range of low-priced electric and purpose-built vehicles.
The South Korean auto maker, Hyundai Motor Group, reportedly announced collaboration with Canoo in an effort to build an electric vehicle platform for its upcoming car models.
Hyundai Motor Group has this underlying architecture to help the company reduce the cost and complexity of production and enable it to respond quickly to changing market demands and customer preferences.
"We were highly impressed by the speed and efficiency in which Canoo developed their innovative EV architecture, making them the flawless engineering partner for us as we transition to become a frontrunner in the future mobility industry", says Albert Biermann, Head of Research & Development, Hyundai Motor Group.
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"We will collaborate with Canoo engineers to develop a cost-effective Hyundai platform concept that is autonomous ready and suitable for mass adoption", said Biermann.
"It is a real honor for us to help Hyundai explore EV architecture concepts for their future models", Kranz, a Canoo co-founder and former BMW executive, said in the same statement.
Headquartered in Los Angeles, Canoo specializes in the skateboard architecture that houses core EV parts such as the batteries and the electric drivetrain on the vehicle in a chassis underneath the vehicle's cabin. We got to have a taste of it when they showed off their electric van a year ago.
The first all-electric model from the company is expected to surface next year, however vehicles underpinned by the new Canoo platform will take until around 2024 to materialise. Canoo recently opened the waiting list for its first vehicle. However, the first vehicle will hit the roads in 2021, with an option of pre-booking. Canoo will provide both the platform and "engineering services". Today, Canoo has grown to around 300+ employees - covering the entire value chain, bringing together a unique EV with a unique business model for a unique user experience. It is this Canoo architecture that interests Hyundai Motor Group.