Hyundai Bets On Canoo To Supercharge Electric Vehicle Plans

Alabama News Center | February 20, 2020 @ 6:00 pm

By Ira Boudway
Bloomberg

Hyundai Motor Group has struck a deal to develop electric vehicles with Los Angeles-based startup Canoo.

Under the terms of the agreement, Hyundai and its Kia affiliate will gain access to Canoo’s engineers and technology as the two South Korean automakers look to expand production of electric vehicles (EV).

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