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Canoo continues rapid production expansion with yet another new facility

Teslarati

Canoo has announced that the company entered an agreement to purchase yet another vehicle manufacturing facility in Oklahoma City. The 120+ acre facility plans to begin production in 2023 with a crew of 500 employees and a yearly goal run rate of 20,000 units.

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Canoo announces massive stock sale to fund production ramp

Teslarati

In mid-2022, the company was even looking down the barrel of bankruptcy, and without last-minute orders of thousands of vehicles, the company would not be here today. The first plant, located in Oklahoma City , is scheduled to begin production this year and is aiming for a run rate of 20,000 vehicles annually.