Hyundai Pours Billions into EV's
Expands EV Portfolio with LA Startup Canoo Source: Canoo Hyundai Developing New Platform for EV Cars, Trucks, SUV's South Korean automotive giant Hyundai is broadening and deepening its future transportation and electric vehicle lineup through a new partnership with Los Angeles EV startup Canoo. The two are partnering to develop a distinctive, new skateboard platform that Hyundai can use to produce a wide range of inexpensive electric cars and e-vehicles. Skateboard Platforms Skateboard platforms are the rage for EV manufacturers with major players like Detroit-based Rivian and Israeli startup REE getting significant outside investments to develop their own skateboard platforms. What stands out about Hyundai is that its investment commitment into future mobility technologies for EV's in particular is now hitting an unprecedented amount of $87 billion over the next few years. Their partnership with Canoo is their latest partnership commitment to the future of EV