Hyundai and Canoo to develop new electric car platform

Hyundai Motor Team has confirmed it will jointly acquire a new, all-electric powered car system with the Los Angeles-primarily based technology business, Canoo. The new system will underpin a contemporary range of compact Hyundai and Kia EVs, supplying the Korean big new styles to obstacle the likes of the Skoda Citigo iV and Renault ZOE.

The new electric powered architecture will be primarily based on Canoo’s existing scalable “skateboard” system, which by now residences the major EV-precise elements these types of as an electric powered motor and battery pack. Hyundai hopes this final decision will let for a simplified progress procedure, less difficult assembly and – most importantly – a reduced auto selling price for the client. 

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As well as underpinning a handful of compact passenger automobiles, Hyundai’s latest electric powered system will also element underneath a range of new “Purpose Developed Vehicles”. This class consists of automobiles these types of as compact final-mile shipping vans and autonomous urban mobility pods. Hyundai unveiled its initially PBV – an autonomous urban auto, styled to appear like a San Francisco cable car – at this year’s Shopper Electronics Exhibit.

This latest collaboration has witnessed the Hyundai Motor Team double its investment into product or service progress. Around the up coming 5 a long time, the business ideas to devote $87 billion (around £67 billion) on long term powertrains, platforms and automobiles. $25 billion (approximately £19 billion) will be allotted to Kia, which aims for ‘eco-friendly’ automobiles to comprise 25 per cent of its income by 2025.

Hyundai and Kia have by now confirmed they will have 38 environmentally friendly vehicles in their line-ups by the mid-2020s, together with fourteen EVs. Top quality model Genesis is predicted to start its initially electric powered car up coming 12 months, even though the group will proceed the progress of its hydrogen gas cell automobiles to complement its existing Hyundai Nexo SUV.

Hyundai and Canoo’s co-made EV underpinnings will also be joined by a independent Hyundai Team devoted electric powered car system, that will give the Korean business a host of contemporary rivals for Volkswagen’s range of MEB-primarily based automobiles.

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