Canoo is the Next Automaker Aboard the Apple Car Rumor Train

Lately it seems like a day doesn’t go by where we don’t hear a new rumor about the Apple Car. A new report from The Verge leads us to believes these rumors won’t be going anywhere until we actually see an electric vehicle from Apple. According to the report, Apple was allegedly discussing the development of its own electric car with electric vehicle startup Canoo last year.

The report claims that both companies discussed the possibility of investments as well as an acquisition by Apple in the first half of 2020. Apple was apparently very interested in Canoo’s modular skateboard platform according to sources familiar with the matter.

Canoo’s skateboard platform includes the industry’s first true steer-by-wire system, providing a highly responsive driving experience by eliminating the mechanical steering connections between the cabin and skateboard.

However, nothing came to fruition as both companies ceased negotiations after Canoo entered on the NASDAQ stock exchange in December. Executive Chairman of Canoo, Tony Aquila, declined to comment in a statement to The Verge, and Apple followed suite. These reports come after rumors surfaced of Hyundai being in talks with Apple in regards to EV production. There is still no way of knowing when the Apple Car will be announced, but recent reports from Bloomberg suggest that the Apple Car won’t be released for at least another 5 to 7 years.

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