Hyundai announces EV collaboration with Canoo
- February 13, 2020
- Posted by: Simon Wait
- Category: Industry News
Hyundai Motor Group has announced that it will develop an electric vehicle platform together with US-based EV tech company Canoo.
As part of the collaboration, Canoo will provide engineering services to help develop a fully scalable, all-electric platform to meet Kia and Hyundai specifications. Hyundai Motor Group expects the platform to support everything from small-sized EVs to Purpose Built Vehicles (PBV).
The collaboration sees Hyundai underpin its commitment to invest $87bn over the next five years to foster future growth, aiming for eco-friendly vehicles to comprise 25% of its total sales by 2025.
Albert Biermann, head of research and development, Hyundai Motor Group, said: “We were highly impressed by the speed and efficiency in which Canoo developed their innovative EV architecture, making them the perfect engineering partner for us as we transition to become a frontrunner in the future mobility industry. We will collaborate with Canoo engineers to develop a cost-effective Hyundai platform concept that is autonomous ready and suitable for mass adoption.”