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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. Addressing Canoo’s basic timeline, CEO Tony Aquila commented, “We are working with our third-party manufacturing partners to achieve SOP on our own equipment this month.

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Canoo announces massive stock sale to fund production ramp

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” Currently, Canoo is establishing two manufacturing facilities in Oklahoma. 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. What do you think of the article? However, volume production has not yet started.