Apple rumored to be targeting electric car start-up Canoo as it looks to launch its own vehicles

Apple is said to have lofty goals for its upcoming entry into the automotive industry, with a first-generation vehicle that could be autonomous, ultra-premium, or both.

According to Mark Gurman of NoteBookCheck.net, it now intends to acquire another start-up in the electric mobility sector in its quest to become an industry leader.

That start-up is Canoo, which intends to launch its first-generation vehicle, the SUV-like Lifestyle, by the end of 2022.

It will cost less than $40,000.

Despite this, Canoo is rumored to be in trouble, and Apple’s reported interest in an acquisition could serve as a lifeline.

However, it is also speculated that the Cupertino behemoth may only want to augment its existing EV division with the start-up’s engineers as new hires, and may eventually abandon the company’s technology.

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Apple has been linked to the launch of its very first car in the next few years. Now, the Cupertino giant is said to further those ambitions through a buyout of Canoo, a start-up in the same space.

Source: NoteBookCheck

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