Apple Met With Electric Vehicle Startup Canoo in Early 2020, But Talks Fell Apart

Apple held talks with electric vehicle company Canoo in early 2020, according to a new report from The Verge. Apple and Canoo discussed several options from an investment to an acquisition as part of Apple's efforts to further its electric vehicle project.

canoo electric van
Canoo has developed a scalable, modular electric vehicle platform that drew Apple's interest. It is designed to support a range of vehicle applications for consumers and businesses, and as described by The Verge, it integrates more of the car's electronics for more flexibility in cabin design.

Canoo was hoping to secure an investment from Apple, but the talks deteriorated and ultimately, Canoo merged with Hennessy Capital Acquisition Corp. IV, raising $300 million to finance the production of the Canoo minivan. Canoo plans to create commercial electric vehicles like delivery vans, plus a consumer-focused van.

In a statement, Canoo said that it does not "openly comment on strategic discussions, relationships, or partnerships, unless deemed appropriate," and Apple also declined to comment on The Verge's story.

Apple moved on to discussions with other manufacturers, and in January, news broke that Apple has entered into negotiations with Hyundai that would see the two companies partnering on electric vehicle manufacturing for Apple's self-driving car. Apple and Hyundai could reach an agreement as soon as March.

Apple is aiming to develop a self-driving car that would be available to consumers, but a recent report from Bloomberg has suggested that the car project is in the early stages and it will be at least half a decade before Apple is ready to launch an electric vehicle.

Coincidentally, Canoo in February 2020 signed a deal with Hyundai Motors and Kia Motors for the development of a new electric vehicle platform, but that appears to be separate from Apple's prospective agreement with Hyundai.

Related Roundup: Apple Car

Top Rated Comments

mannyvel Avatar
42 months ago
Comments on the outer shell of a car are ridiculous.

Any company can build any body style you want, just like any beer manufacturer can make any beer you want. Choosing one way does not necessarily preclude them from doing it another way, especially if the customer is paying.

In any case, that's a step towards a different kind of car. Without the motor, you don't need the front end to stick out. And you don't need to look forwards if the car drives itself. Why not put a sofa in there, or a wrap-around TV? Heck, for all I care they can make the exterior look like a literal house.
Score: 23 Votes (Like | Disagree)
farewelwilliams Avatar
42 months ago
should have met with Tesla.
Score: 13 Votes (Like | Disagree)
Porco Avatar
42 months ago
I immediately thought of...



Attachment Image
Score: 12 Votes (Like | Disagree)
Will.O.Bie Avatar
42 months ago
I should hope so...that lunchbox with wheels is fugly?
Score: 10 Votes (Like | Disagree)
mookc1 Avatar
42 months ago


Attachment Image
Score: 9 Votes (Like | Disagree)
Tonewheel Avatar
42 months ago
Incredibly fugly. Glad talks broke off. And Tesla? Not quite as fugly but not far behind.
Score: 8 Votes (Like | Disagree)

Popular Stories

reset password request iphone

Warning: Apple Users Targeted in Phishing Attack Involving Rapid Password Reset Requests

Tuesday March 26, 2024 4:34 pm PDT by
Phishing attacks taking advantage of Apple's password reset feature have become increasingly common, according to a report from KrebsOnSecurity. Multiple Apple users have been targeted in an attack that bombards them with an endless stream of notifications or multi-factor authentication (MFA) messages in an attempt to cause panic so they'll respond favorably to social engineering. An...
Generic iOS 18 Feature Purple

iOS 18: What to Expect From 'Biggest' Update in iPhone's History

Wednesday March 27, 2024 11:10 am PDT by
At least some Apple software engineers continue to believe that iOS 18 will be the "biggest" update in the iPhone's history, according to Bloomberg's Mark Gurman. Below, we recap rumored features and changes for the iPhone. "The iOS 18 update is expected to be the most ambitious overhaul of the iPhone's software in its history, according to people working on the upgrade," wrote Gurman, in a r...
maxresdefault

Apple Announces WWDC 2024 Event for June 10 to 14

Tuesday March 26, 2024 10:02 am PDT by
Apple today announced that its 35th annual Worldwide Developers Conference is set to take place from Monday, June 10 to Friday, June 14. As with WWDC events since 2020, WWDC 2024 will be an online event that is open to all developers at no cost. Subscribe to the MacRumors YouTube channel for more videos. WWDC 2024 will include online sessions and labs so that developers can learn about new...
apple maps 3d feature

Apple Maps May Gain Custom Routes With iOS 18

Tuesday March 26, 2024 3:10 pm PDT by
Apple may be planning to add support for "custom routes" in Apple Maps in iOS 18, according to code reviewed by MacRumors. Apple Maps does not currently offer a way to input self-selected routes, with Maps users limited to Apple's pre-selected options, but that may change in iOS 18. Apple has pushed an iOS 18 file to its maps backend labeled "CustomRouteCreation." While not much is revealed...
General iOS 17 Feature Orange Purple

Apple Releases Revised Versions of iOS 17.4.1 and iPadOS 17.4.1 With Updated Build Number

Wednesday March 27, 2024 5:59 am PDT by
Apple on late Tuesday released revised versions of iOS 17.4.1 and iPadOS 17.4.1 with an updated build number of 21E237, according to MacRumors contributor Aaron Perris. The updates previously had a build number of 21E236. The revised updates are available for all iPhone and iPad models that are compatible with iOS 17 and iPadOS 17, but they can only be installed via the Finder app on macOS...
maxresdefault

Apple to Launch New iPad Pro and iPad Air Models in May

Thursday March 28, 2024 11:07 am PDT by
Apple will introduce new iPad Pro and iPad Air models in early May, according to Bloomberg's Mark Gurman. Gurman previously suggested the new iPads would come out in March, and then April, but the timeline has been pushed back once again. Subscribe to the MacRumors YouTube channel for more videos. Apple is working on updates to both the iPad Pro and iPad Air models. The iPad Pro models will...
applephilschiller

Apple's Phil Schiller Works 80 Hours a Week Overseeing App Store

Wednesday March 27, 2024 2:03 pm PDT by
With the App Store and app ecosystem undergoing major changes in the European Union, The Wall Street Journal today shared a profile on App Store chief Phil Schiller, who is responsible for the App Store. Though Schiller transitioned from marketing chief to "Apple Fellow" in 2020 to take a step back from Apple and spend more time on personal projects and friends, he is reportedly working...