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AUTO NEWS – Hyundai No Longer Backing EV Truck Startup Canoo

Hyundai No Longer Backing EV Truck Startup Canoo

Aquila, who joined the corporate in 2020 following its SPAC IPO, defined to his viewers Canoo’s board of administrators has determined to “de-emphasize” its “engineering providers” line and can as a substitute deal with promoting its personal autos to industrial service firms, like supply corporations and different fleet operators. Gross sales to personal prospects not look like a precedence, at the very least in the intervening time.

Monday’s presentation additionally revealed a brand new investor relations web site that makes no point out of Hyundai, which has not commented on the report. Canoo’s new enterprise technique additionally goals to guard the mental property it is developed. Along with the truck and fleet providers automobile, Canoo can also be reportedly growing a van however, once more, it does not sound like a Canoo dealership shall be opening subsequent to a Tesla retailer anytime quickly.

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AUTO NEWS – Hyundai No Longer Backing EV Truck Startup Canoo
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