Saturday, December 9, 2023

Apple, EV car company Canoo held discussions about investment, acquisition

Apple held meetings with California EV startup Canoo in the first half of 2020 discussing options ranging from ranging from investment to an acquisition, according to The Verge, quoting three unnamed “people familiar with the talks.”

Canoo was more interested in taking on an investment from Apple, two of the people said. However, the talks fell apart, and Canoo has since become a publicly traded company after merging with a blank check fund that was listed on the NASDAQ in late 2020, notes The Verge.

Canoo, formerly known as Evelozcity, is an American manufacturer of electric vehicles founded in 2017. The company is located in Torrance, near Los Angeles, California. The company specializes in cars, minibuses, and commercial vehicles, which are intended to be in the lower and medium price segments.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.