Canoo Expands Vehicle Assembly Capacity with Manufacturing Asset Acquisition

Canoo Inc, a leading high-tech advanced mobility company, has acquired manufacturing assets at significantly reduced prices to scale production at its Oklahoma City facility. The company purchased a cache of manufacturing assets, including robotics and controls processing equipment, at over 80 percent discount to the estimated value. This strategic move aims to support Canoo's manufacturing strategy, create advanced manufacturing jobs in Oklahoma, and meet its production goals and customer commitments for 2024. Canoo's mission is to bring electric vehicles to everyone, and it has developed breakthrough electric vehicles with a modular electric platform designed to maximize vehicle interior space and support a wide range of business and consumer applications.