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    GOEV   US13803R1023

CANOO INC.

(GOEV)
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Canoo and AVL Partner to Build Proprietary Software for Electric Vehicle Safety Features

09/30/2021 | 09:00am EST

Canoo and AVL announced a partnership to develop, test and validate Advanced Driver Assistance Systems (ADAS) software for Canoo's Lifestyle Vehicle. Canoo's proprietary ADAS is designed with the driver in mind - to keep occupants safe and alert. The technology provides an intuitive human interface that gives vehicle feedback to notify and empower drivers to make safer choices on the road; while reducing distractions. AVL will be leveraging their expertise to support Canoo in developing ADAS features that are fully harmonized with Canoo's native and proprietary platform design and electrical architecture. The software will be owned by Canoo to ensure security, safety, compliance and compatibility across vehicles, beginning with the Lifestyle Vehicle. Canoo is spearheading new EV technologies and doing so efficiently with an in-house team focused on innovation. Selecting partners and providers that are specialized to execute on the company's mission to bring EVs to everyone ensures Canoo's hardware and software are fully integrated and best-in-class. The engineering services AVL will provide Canoo with include software development of 13 ADAS features comprising SAE Level 2 such as lane centering and adaptive cruise control. AVL will be defining dynamic KPIs for some of these features using their AVL-DRIVE Autonomous™ software and providing efficient assessments of simulation outputs for various scenarios in a virtual validation environment by executing millions of test cases in the cloud. Canoo's Lifestyle Vehicle – its first product to market – will start production in late 2022 and have Level 2 ADAS functionality at launch. It will be the first to market with fully redundant and autonomous-ready steer-by-wire. Canoo vehicles will also feature over-the-air update capabilities allowing the addition of new ADAS features as the technology continues to mature, providing additional return on investment and helping to maintain residual value to cater to Canoo's multiple-owner lifecycle.


ę S&P Capital IQ 2021
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Analyst Recommendations on CANOO INC.
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Financials (USD)
Sales 2021 - - -
Net income 2021 -332 M - -
Net Debt 2021 - - -
P/E ratio 2021 -7,11x
Yield 2021 -
Capitalization 2 427 M 2 427 M -
Capi. / Sales 2021 -
Capi. / Sales 2022 46,5x
Nbr of Employees 370
Free-Float 61,9%
Chart CANOO INC.
Duration : Period :
Canoo Inc. Technical Analysis Chart | GOEV | US13803R1023 | MarketScreener
Technical analysis trends CANOO INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 10,17 $
Average target price 12,00 $
Spread / Average Target 18,0%
EPS Revisions
Managers and Directors
Anthony Aquila Executive Chairman & Chief Executive Officer
Josette Sheeran President & Director
Renato Carlo Giger Senior VP, Chief Financial & Accounting Officer
Peter Savagian Chief Technology Officer
Ming Hsien Chiang Independent Director
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