Canoo acquires manufacturingassets to increase vehicle assembly capacity

Canoo announced the purchase of manufacturing assets at dramatically reduced prices to scale production at its Oklahoma City facility. Canoo purchased a cache of manufacturing assets, from robotics to controls processing equipment that will be used to build vehicle cabins. As Canoo scales manufacturing to make additional customer deliveries in 2024, the company is continuously exploring ways to acquire high-value equipment at reduced prices through alternative routes. Canoo purchased the assets at a discounted price of over 80 percent of estimated value. These newly purchased assets will be used in Oklahoma to drive Canoo’s manufacturing strategy and create advanced manufacturing jobs in the state of Oklahoma.