Apple looks to acquire the start-up Canoo to bolster its e-vehicle division
Summary
Apple is said to have big dreams for its upcoming foray into the automotive industry, with a first-gen vehicle that might emerge as autonomous, ultra-premium or both. Now, according to Mark Gurman, it intends to absorb another start-up in the electric mobility sector in its drive to become a leader in this industry. Canoo aims to launch its first-gen vehicle, the SUV-like Lifestyle, by the end of 2022 for US$40,000 or less. It is rated to be vehicle type-agnostic meaning that the same one from the Lifestyle can also be applied to others such as a possibly upcoming pick-up truck. However, it is also thought that the Cupertino giant might only really want to augment its existing EV division with the start-ups engineers as new personnel, and just might leave the companys tech by the wayside in the long run.
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