Canoo Technologies announced that the U.S. Department of Defense’s Defense Innovation Unit significantly expanded the scope of its previously announced partnership. The company says it has leveraged it advanced commercial battery and integration expertise to deliver to the Department of Defense partners a technologically advanced battery pack that can be scaled for use on operational military platforms and will set the stage for standardization of energy dense lithium batteries for the U.S. Navy. This follows DIU’s testing and analysis of Canoo’s proprietary technology since February 2023.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GOEV:
- These ‘Strong Buy’ EV Stocks Could Surge Over 90%, Analyst Predicts — Here’s Why You Should Pay Attention
- Largest borrow rate increases among liquid names
- Canoo price target lowered to $1.50 at Stifel as part of coverage transfer
- TSLA, NKLA among EV Stocks Experiencing Volatility in Today’s Trading
- CANOO INC. ANNOUNCES FIRST QUARTER 2023 RESULTS