Hyundai and Kia seal platform deal with new EV firm

14 Février, 2020, 02:07 | Auteur: Auguste Feret
  • Hyundai and Kia seal platform deal with new EV firm

Between its investments in flying taxis, self-driving trucks and electric vehicle startups, Hyundai Motor Group is planting its fingers in quite a few pies when it comes to the future of mobility.

Ulrich Kranz, head of Canoo, said that the partnership with a global leader like Hyundai is a validating moment for a young company like his.

Hyundai-Kia and Canoo announced on February 12 that they have signed a mutual cooperation agreement on the development of next-generation electric vehicles at the Canoo main office in Los Angeles. It has now signed a deal to work with the Korean manufacturer to use the architecture for vehicles ranging from small EVs to large shared purpose-built vehicles (PBVs).

In the future, Hyundai Motor Group expects that the skateboard design will make for a simplied and standardized development process for Hyundai and Kia's electrified vehicle lineup.

Hyundai Motor Group is counting on this underlying architecture to help the company reduce the cost and complexity of production and allow for it to respond quickly to changing market demands and customer preferences.

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This makes them the flawless technical partner for us as we develop into a pioneer in the future mobility industry, "said Albert Biermann, Head of Research and Development at Hyundai Motor Group, said in a statement".

Canoo said it will provide engineering services for the development of the electrical platform.

Hyundai plans to collaborate with Canoo on its "skateboard" design, a fully-scalable architecture that sees all major EV components integrated into a low-profile frame created to deliver less weight and fewer parts. The company traded under Canoo in spring 2019 and presented its first vehicle last September.

Canoo's first vehicle is very similar to a minibus and it is designed as a "skateboard". A subscription model that puts an end to ownership, providing a hassle- and commitment free auto experience in modern cities. Canoo is aiming to offer engineering services for "eco-friendly vehicles" which includes 25% of its total business by the end of 2025.

The Hyundai Motor Group has committed to invest $ 87 billion over the next five years. This is a major milestone for the company and the culmination of the efforts of 300+ experts working to deliver a proof of concept of Canoo's backbone architectural systems.

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