Skip to main content

Hyundai will use Canoo’s ‘skateboard’ chassis for future electric cars

To develop future electric cars, Hyundai is leaning on Canoo, a Los Angeles-based startup developing a subscription-only vehicle. The two companies have signed an agreement to jointly develop a new electric car platform based on Canoo’s existing chassis. That platform will underpin electric cars for both Hyundai and sibling brand Kia.

Recommended Videos

The Canoo chassis is called a skateboard because it’s essentially a flat rectangle with four wheels attached. All mechanical components are housed within the chassis, making it easy to attach different bodies to create new models. Hyundai also expects this design to streamline the development and manufacturing processes for electric cars, according to a Canoo press release.

Please enable Javascript to view this content

The skateboard concept did not originate with Canoo. General Motors did something similar for its Autonomy and Hy-Wire hydrogen fuel cell concept cars in the early 2000s, although no serious effort was made to put either car into production. Another startup, Rivian, has developed its own skateboard chassis for an electric SUV and pickup truck. Like Canoo, Rivian has licensed its chassis design to a large established automaker. As part of an investment deal with Ford, the Rivian skateboard chassis will be the basis for Lincoln’s first electric car.

Canoo’s own electric car is unlike anything shown by Rivian — or indeed any other automaker. Shaped like a lozenge and lacking a model name, the electric car was designed to feel like a living room on wheels. The rear seat was inspired by sofas, and the car lacks a native infotainment system. Drivers will simply plug their smartphones and tablets into the dashboard. Canoo will also offer the car exclusively through a subscription service, meaning customers will pay a single fee for the vehicle, maintenance, and insurance. Canoo is currently taking names for a waitlist, but customers aren’t expected to get cars until 2021.

Hyundai did not offer any details on what vehicles would use the Canoo-derived platform, but the automaker is undertaking a push for more electrified models. In late 2019, Hyundai said it would launch 13 new or updated models with hybrid, plug-in hybrid, or all-electric powertrains by 2022. Hyundai already sells battery-electric versions of the Kona and Ioniq (which gets a range boost for 2020) in the United States, while Kia sells the Niro EV. A redesigned Kia Soul EV recently launched abroad, but it won’t arrive in the U.S. until 2021, around the same time that a third electric Kia is expected to debut.

Stephen Edelstein
Stephen is a freelance automotive journalist covering all things cars. He likes anything with four wheels, from classic cars…
Could Chinese cars save us from high EV prices?
BYD Han

The electric vehicle market is seriously heating up, with more great options being released every few months. But while there are more and more excellent electric vehicle options available, it’s still hard to find a great EV that doesn’t cost at least $40,000 or so.

But there could be a solution to that -- or at least a way to ease the problem. How? High-quality, low-cost Chinese EVs.
Competition
At face value, the solution to lowering EV prices is simple -- and involves a combination of the cost of new tech decreasing over time, while automakers release more and more models, increasing competition and pushing companies to create better-value vehicles.

Read more
Used EV prices are falling quicker than those of gas cars, and that’s good
2022 Hyundai Ioniq 5 Limited AWD rear end side profile from driver's side with trees and a metal fence in the back.

Let's face it. Electric vehicles are getting cheaper, but they're still expensive, with so-called "budget" models still costing north of $35,000. That, however, really only accounts for new electric vehicles -- and it turns out that used ones are getting much more affordable. In fact, a new report suggests that the price of used electric vehicles is falling much quicker than that of gas counterparts.

I get it -- the concept can be scary. New EV buyers certainly don't want to find that their shiny electric vehicles are worth so much less after just a few years. But, in the grand scheme of things, this is actually a good thing.
The numbers
The report from iSeeCars notes that while in June 2023, average used EV prices were 25% higher than used gas car prices, by May 2024, used EV prices were 8% lower. That's a pretty dramatic change.

Read more
Hyundai’s subcompact Inster is an affordable EV that might be out of reach
Teaser image showing a front quarter view of the Hyundai Inster.

Automakers are announcing lots of new EVs, but affordable models are unfortunately rare. Hyundai is bucking the trend toward bigger, pricier models with the Inster, a subcompact electric SUV scheduled to debut at the Busan International Mobility Show in South Korea later this month.

Named after the words "intimate" and "innovative," but also throwing back to the old Hyundai Veloster, the Inster will be one of the smallest EVs in Hyundai's lineup. However, it will offer more extensive technology and safety features than buyers typically expect in this class, according to a Hyundai press release. The automaker also promises up to 220 miles of range, as measured on the European WLTP testing cycle. That likely equates to a sub-200-mile range with the testing procedure used in the United States.

Read more