Apple, EV car company Canoo held discussions about investment, acquisition — Apple World Today
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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.
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