Startup Canoo (formerly EVELOZCITY) to build subscription-only EVs

EVELOZCITY, a Los Angeles company working on EVs available only via subscription, has announced that it has changed its name to Canoo.

Canoo hopes to offer four EVs in select cities by subscription only. In an effort to reduce design and production costs, it plans to use a single standardized EV platform. The company also says it will replace the traditional three-box car design, which has separate compartments for the engine, passengers and luggage, with a design that maximizes interior space.

Canoo also announced a handful of new hires, including Clemens Schmitz-Justen, former President of BMW Manufacturing, and Olivier Belllin, formerly of STMicroelectronics, a Swiss manufacturer of semiconductors.

The company plans to launch its first vehicle in the US in 2021, followed by a model for China.

 

Source: Canoo