Tag: Canoo

By on August 18, 2020

canoo

Canoo Holdings Ltd., creator of highly configurable electric vehicles built atop its proprietary “skateboard” platform, plans to merge with a blank-check firm in order to seek investor cash. If past examples of EV startups going public are any indication, Canoo will soon be valued at eleventy bazillion dollars, give or take a few bucks.

On Tuesday, the company announced a tie-up with Hennessy Capital Acquisition Corp. IV, a special purpose acquisition company, in order to get itself a listing on the Nasdaq. (Read More…)

By on February 12, 2020

Canoo

Developing a new vehicle platform in-house is an expensive affair, making the cost of producing an electric vehicle from the ground up a heavy weight to place on an automaker’s balance sheet. Margins for such vehicles are currently slim, if not nonexistent. No wonder everyone’s trying to free up cash.

And yet, because the world has decided EVs are the future, automakers can’t be without them. Ford recently partnered with Michigan startup Rivian to source a platform for an upcoming Lincoln crossover, and now Hyundai has followed suit.

Hyundai and Canoo. Best buddies. (Read More…)

Recent Comments

  • Inside Looking Out: Zero from CA taxpayers because these factories pose serious ecological hazard and NIMBY syndrome.
  • Superdessucke: Oh my goodness that interior is awful. So much plastic! Makes the interior of my Veloster N look like...
  • scottcom36: You did no such thing. You fleshed out my thoughts better than I could have.
  • sgeffe: I thought that the steel was reasonably thick, at least! It certainly seems that those cars may have been...
  • mcs: It’s 70 electrified Models with 15 of them BEVs by 2025. The bZ4x BEV is coming next summer. Out of the...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber