Will the remains of EV startup Arrival help keep Canoo alive?
Baua Electric
MARCH 29, 2024
EV startup Canoo earlier this week announced that it had acquired “a substantial portion of the advanced manufacturing assets” formerly owned by the U.K. Canoo had already acquired what remained of Arrival’s South Carolina facility in January, although what remained at the U.K. startup Arrival for “pennies on the dollar.”
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