Thursday, June 17, 2021

Canoo Plans EV Factory in Oklahoma

Los Angeles-based Canoo, which is developing electric vehicles, says it plans to build a factory in Oklahoma. The company says it expects to employ up to 2000 workers at the location. The plans were disclosed in a presentation to investors by Canoo CEO Tony Aquila. Canoo--which has yet to deliver any vehicles--recently went public via a merger with a special purpose acquisition company (SPAC). The company said the factory is expected to open in 2023.