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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.

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BP acquiring upstream portion of Clean Energy’s renewable gas business for $155M

Green Car Congress

The deal enables both companies to accelerate the growth in renewable natural gas supply and meet the growing demand of the natural gas vehicle fuel market. Clean Energy will buy renewable natural gas fuel from BP and collect royalties on gas purchased from BP and sold as Redeem at it stations. and North Shelby, Tenn. and Atlanta, Ga.

Clean 150
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Canoo (GOEV) stock surges after OKC EV facility gets key approval

Baua Electric

Shares of American EV startup Canoo (GOEV) are surging after its Oklahoma City facility received approval as a Foreign Trade Zone (FTZ). The approval will help improve Canoo improve profitability as it scales production. It also announced that USPS is purchasing six LDV 190 delivery vans as a transition to electric.

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Chesapeake selling Permian and midstream assets for $6.9B; Chevron, Shell and EnerVest acquiring Permian assets for combined $3.3B

Green Car Congress

The company will use a portion of the proceeds from these asset sales to fully repay its $4.0 Chesapeake has entered into purchase and sale agreements with three companies covering the vast majority of its Permian Basin assets for total net proceeds of approximately $3.3 of Chesapeake’s production during the quarter.

Chevron 225
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UPS to add 1,400 new CNG vehicles over next year; building 15 new CNG fueling stations

Green Car Congress

UPS announced plans to purchase and deploy 1,400 new CNG vehicles over the next year, representing a 27.5% To support the purchase and planned deployment of the 1,400 new CNG vehicles, UPS plans to build 15 compressed natural gas (CNG) fueling stations. The cities are Atlanta, Ga.; Oklahoma City, Okla.;

Building 150
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The New Supersonic Boom

Cars That Think

The most extensive such experiment took place over Oklahoma City in 1964. For months, supersonic aircraft flew over the city, eight times a day, seven days a week, at unpredictable times but always during daylight hours. Despite strong support from the FAA, the airline industry, and aerospace companies, the U.S.