Canoo Inc (GOEV)

[mick]

NEWS YESTERDAY 06-17-2021 UPDATE; 06-17-2021 The plant, at full capacity, will be able to build over 150,000 vehicles a year, he said in an interview.


GOEV
Reuters • yesterday
U.S. electric vehicle startup Canoo to build plant in Oklahoma
GOEV
The plant, at full capacity, will be able to build over 150,000 vehicles a year, he said in an interview.

Canoo's investment in the facility will come in stages, and depending on demand could ultimately range from $500 million to $1 billion,
he said, adding that the state is providing Canoo more than $300 million in tax incentives.

Until the Oklahoma plant opens, VDL will build Canoo's seven-seat vehicle for the U.S. and European markets,
he said, allowing Canoo to meet its commitment to start production in the fourth quarter of 2022.