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Canoo (GOEV) stock surges after OKC EV facility gets key approval

Baua Electric

MARCH 18, 2024

Shares of American EV startup Canoo (GOEV) are surging after its Oklahoma City facility received approval as a Foreign Trade Zone (FTZ). By securing an FTZ designation, Canoo eliminates all customs duties on vehicles sold overseas and defers of customs duties on imported parts for EVs sold in the US. The EV maker lost $273.6

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Oklahoma Oklahoma City Tax Credit Financing 52
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Canoo announces massive stock sale to fund production ramp

Teslarati

FEBRUARY 6, 2023

Like many other EV startups, Canoo has consistently faced issues with financing. 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. However, volume production has not yet started.

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Production Oklahoma Sale Oklahoma City 79
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