Recently, passive component manufacturer Yageo announced its participation in the equity investment of Canoo, a US electric vehicle startup company, with a total investment of US$10 million.

Canoo is a startup company based in California, USA, whose main business is the design and development of electric vehicles. The electric vehicle developed by Canoo has the largest ratio of vehicle content to chassis area, lower development cost and design flexibility, and is expected to be mass-produced and launched in the first half of 2022.

In recent years, Yageo has continuously strengthened its roadmap for automotive-related electronic components. In 2018, it acquired Pulse Electronics, and in 2020 it acquired KEMET. Participating in Canoo's investment will enhance Yageo's overall layout in electric vehicles and autonomous driving.