kia

kia

Ritapepaj | WikiCommons

Inglewood’s legendary Forum—best known as home to Magic Johnson’s “Showtime” Lakers dynasty of the 1980s—officially has a new name. And after inking a naming rights deal with South Korean automaker Kia, the newly branded Kia Forum is also joining the EV revolution.

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Photo Courtesy of Canoo

One of the world's largest carmakers, Hyundai Motor Group, tapped Torrance-based startup Canoo to design the powertrain that will be used for their electric vehicles.

Terms of the deal were undisclosed but a similar one struck earlier this year between the Korean automaker and UK-based Arrival catapulted the startup to unicorn status. Arrival said it's now valued at 3 billion euros.

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