Canoo signs exclusive sale, service and distribution agreement with GCC Olayan

Canoo signed an exclusive agreement with GCC Olayan, a multi-national subsidiary of Olayan Saudi Holding Company, or OSHCO, for sale, service, and distribution of Canoo fleet solutions in Saudi Arabia. GCC Olayan has been a distributor of brands in Saudi Arabia for more than 75 years and is the founding company of the global Olayan Group. The first phase of the agreement is for the sale, distribution, service maintenance, and repair of Canoo vehicles. Additionally, Canoo and GCC Olayan will also work to develop a joint venture to launch a digital vehicle ecosystem for service maintenance repair, local assembly, and eventually manufacturing.