Hyundai boards a Canoo
Hyundai and LA-based firm Canoo have agreed to develop an electric vehicle (EV) platform, using the latter’s skateboard design for upcoming Hyundai and Kia EVs.
Canoo will provide engineering services to help develop the scalable platform that will meet Hyundai and Kia specs. Hyundai envisages that the new platform will help it to deliver cost-effective EVs of all types.
Canoo’s platform houses the critical components of the vehicle, battery and motor(s), with all components fulfilling as many functions as possible. Thus, the platform is smaller and lighter, supposedly with fewer things to go wrong. The design is a self-contained unit that can be paired with virtually any cabin imaginable.
Hyundai believes a simplified and standardised development process for Hyundai and Kia electrified vehicles will result, and lower costs can be passed on to consumers.
Hyundai recently committed to investing $US87billion over the next five years in R&D, two-thirds for its own products, and one-third for new Kia initiatives. The pair hope that by 2025, one-quarter of sales will be in the electrified area.
Both companies are in the throes of developing fully electric purpose-built vehicles.
Albert Biermann, Head of Research & 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.”
Ulrich Kranz of Canoo replied “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. It is a real honour for us to help Hyundai explore EV architecture concepts for their future models.”
Canoo unveiled its first electric vehicle for subscription last year and recently opened the waitlist for its first vehicle for sale to the public, expected to launch in 2021. It is designed for a world in which transportation is becoming increasingly electric, shared and autonomous.