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Apple Car rumors have become more frequent in recent weeks, and it looks like there is more to come. The edge Apple reported today that Apple held talks last year with Canoo, a startup focused on electric vehicles and related technologies, to push development of the rumored Apple-branded car.
According to the report, the two companies discussed the possibility of investments and even an acquisition by Apple in the first half of 2020. Sources said The edge that Apple was widely interested in Canoo’s scalable electric vehicle platform called “skateboarding.”
It involves integrating more of the car’s electronics using wire steering technology, which allows for increased flexibility in cabin design. Apple was looking to acquire Canoo, but the startup was only interested in working with the Cupertino-based company by taking investments.
The two companies halted trading after Canoo’s listing on the NASDAQ stock exchange in December. Tony Aquila, executive chairman of Canoo, declined to discuss startup strategies and negotiations in a statement to The Verge, as well as Apple. Interestingly, Hyundai previously worked with Canoo to build its electric vehicles – which is the same thing the automaker is rumored to be doing with Apple.
While the Canoo acquisition was unsuccessful, Apple bought Drive.ai in 2019 – a startup that developed self-driving cars. Apple has not discussed the reasons for the acquisition, but the company has confirmed that engineers at Drive.ai will be working on engineering and product design.
We still don’t know when the Apple car will be announced, although Bloomberg suggests it’s 5-7 years away, but these rumors corroborate that Apple is still working on the project for its own electric car.
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