Apple discussed acquisition options with EV startup Canoo in 2020


Apple met with California-based electric vehicle startup Canoo in early 2020 as part of efforts to further the development of its own “Apple Car” project.

Meetings took place in the first half of 2020 and covered options ranging from investment to potential acquisitions, people familiar with the matter The ledge.

Reportedly, Apple was initially developed by Canoo’s scalable electric vehicle platform. Compared to other automakers and startups, the platform integrates a vehicle’s electronics more and allows for more flexibility in cabin design. Canoo, for his part, was interested in taking investment from Apple. However, negotiations broke down and Canoe went public in 2020 by merging with an empty check fund.

There were reports about Apple’s interest in Kanu that the Cupertino tech giant is in talks with Hyundai to build autonomous electric vehicles by 2024.

In February 2020, Hyundai and Cano announced plans to develop electric vehicles. The announcement appears to be unrelated to Apple’s partnership with One for any possible partnership between the two car companies.

Apple’s work on autonomous vehicle systems has been poorly maintained for years. The company’s vehicle division, internally dubbed Project Titan, has been developing self-driving car technology since at least 2014. Originally thought to focus on developing an actual production vehicle, the goal of the project was shifted to creating an underlying autonomous system. Self driving car. In recent years, it appears that Apple has circled to create a genuine “Apple car”.

Rumors and speculation about Apple’s electric vehicle were raised again in December 2020. Reuters The report stated that the company could launch a vehicle with “next level” battery technology by 2024.

The often-accurate TF securities analyst Ming-Chi Kuo has proposed that an “Apple car” may not arrive until 2025 at the earliest. At least one report claimed that the project was so immature that an “Apple car” would take five to seven years to arrive.

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