Canoo (Nasdaq: GOEV) has reached an agreement with Panasonic to supply batteries for its lifestyle vehicle. Scheduled for production in Q4 2022, the Lifestyle Vehicle will be manufactured by VDL Nedcar, and will support U.S. and EU product demand.
Canoo has developed proprietary battery system technologies in its multipurpose platform, which includes a structurally integrated battery module with built-in safety features.
Rather than placing its battery modules into an enclosure that is then sealed and bolted into the chassis, Canoo integrates the battery modules directly into the platform structure.
Its battery compartment design also makes it possible to easily perform service repairs and upgrades to the battery at the module level creating cost efficiencies for owners.
Tony Aquila, Investor, Chairman & CEO, Canoo Inc. says: “Our team is very focused on continuous optimization and creating IP in the areas of battery module technology, higher energy density and on a flexible thermal management platform that contributes to enhanced safety and lower cost of ownership.”
He adds: “We designed our battery systems to account for future advancements in cell technology and today we are excited to announce the selection of Panasonic, a global technology company and a leader in the cylindrical lithium-ion battery industry, as our partner. This decision is based on extensive testing as well as our outlook of Panasonic’s innovation that aggressively focuses on the factors mentioned above and its leadership team. With billions of cells on the road, they are a proven pioneer and world-class manufacturer of what we believe are one of the most durable electric vehicle batteries.”
Bob Rauh, Vice President, Energy Division of North America, Panasonic Corporation of North America, comments: “We look forward to working with Canoo as they bring their multipurpose platform to market. At Panasonic, we focus on moving the world forward and producing the highest quality batteries for electric vehicles. We are honored that Canoo has chosen Panasonic and we are inspired by their shared commitment to bring electrification to the auto market for everyone. The growth in mobility electrification supports our commitment to contributing to society by reducing global carbon emissions.”
Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space that is customisable across all owners in the vehicle lifecycle to support a wide range of vehicle applications for consumers and businesses.
Keyword: Canoo Selects Panasonic To Supply Batteries For Its First Lifestyle Vehicle