Tag: development

Hyundai signs development deal with another EV startup

Korean automaker Hyundai Motor Co. broadened its future transportation portfolio with an settlement to jointly build electric automobiles with California startup Canoo, the firms claimed on Tuesday.

It was the 2nd these offer introduced in the latest months by Hyundai and sister company Kia Motors Corp., which in mid-January claimed they would make investments $a hundred and ten million in United kingdom startup Arrival and jointly build electric industrial automobiles.

In Seoul, a Hyundai spokesperson claimed the automaker’s partnership with two-year-aged Canoo would target on lesser electric passenger automobiles about the sizing of its Accent compact.

Like Arrival, Canoo has

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