The e-car start-up Canoo from the USA and the Dutch VDL Group, known among other things for the production of electric buses, will not pursue the talks about the European contract production of the Canoo Lifestyle Vehicle, as the Americans officially announced. “We appreciate the months of effort that VDL Nedcar has invested in offering us a contract manufacturing option. But we have concluded that US manufacturing is better suited to our mission and current focus,” said Tony Aquila, Canoo’s Investor, Chairman & CEO.
Production in the USA has the advantage for Canoo that it can be implemented more quickly and is less risky. In the planned plants in Arkansas and Oklahoma, the production capacities are now to be significantly increased. Whereas previously only 500 to 1000 electric vehicles were planned to be produced in 2022, Canoo is now aiming for between 3000 and 6000 units. By 2025, production is to be gradually increased to 70.000 to 80.000 rise.
Although contract manufacturing is off the table, Canoo and VDL are not going their separate ways: the two companies would like to “enter into an ongoing partnership”, as Aquila says. This is also emphasized by the VDL CEO: “We look forward to continuing our relationship with Tony Aquila and the Canoo team as we explore new possibilities together,” said Willem van der Leegte, President & CEO of VDL Nedcar . “We see electric vehicles as a significant economic driver. We are excited to invest in Canoo and look forward to a long and mutually beneficial relationship.To underline this new relationship, the VDL Group will buy the equivalent of EUR 7.5 million in Canoo shares.
The background to the failed deal could be that VDL Nedcar could cede said Dutch plant to the US start-up Rivian, which produces electric SUVs and e-pickups and is looking for a production facility in Europe. However, the talks on this are not yet complete.
Related articles
-
Canoo appoints VDL Nedcar for the handler, production start 2022
The electric vehicle start-up CANOO, which works on a modular electroplate form with a variety of applications, has announced its coming steps. During…
-
Despite the threatening Brexit, Great Britain does not disappear from the focus of ionity
From the desired 400 charging stations 20 fast charging stations with six columns each are in operation. 40 in Germany and 40 in Europe are under…
-
Hyundai-Kia partnership with Canoo stands before
The American start-up CANOO wanted to do common thing with Hyundai and Kia last year when it came to developing an independent electric car skateboard…
-
Apple showed interest in Canoo e-platform – takeover under discussion
The plans for Apple’s own electric car are becoming more and more concrete. In addition to the increasingly credible rumors about a partnership with…
-
Electric vehicle start-up Canoo soon to be listed on the stock exchange thanks to merger
The US start-up Canoo , which rethinks and develops electric vehicles from scratch, and the investment firm Hennessy Capital Acquisition Corp. have…
-
Europe’s focus: E-auto-auto from PheV approvals
If you could show at the end of July that the part-time current was possible for the first time the e-auto approvals were left behind, the leaf turned…
-
CANOO brings the Connected-Home on the street – fully electrically understood!
Not even three months after leaving Ulrich Kranz and Stefan Krause Faraday Future founded the two Evelozcity – now known as Canoo . Two years later, one…
-
VW does not expect any problems with the delivery of battery cells for future electric cars
In mid-April we already reported that not everything is going as it should at the Audi plant in Brussels. There are said to be difficulties in ramping up…
-
Fuso Ecanter in the future in the Netherlands in use
Daimler launches series production of electric truck Fuso Ecanter and shortly thereafter, this is in customer hand at Seven-Eleven, UPS and Yamato…
-
VW-CEO Dies: Tesla “… Could focus on the future “and therefore in the benefit electric car news.net
In a recent interview with the Financial Times (Paywall), Herbert has given this, CEO Volkswagen, to understand that he is currently seeing Tesla at…
