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© Reuters. Canoo (GOEV) secures Oklahoma Metropolis facility with lease settlement
By Michael Elkins
Superior mobility and electrical automobile firm, Canoo Inc (NASDAQ:) introduced Monday that they’ve entered right into a long-term lease settlement with an affiliate of AFV Companions, a associated get together, for its lately introduced Car Manufacturing Facility in Oklahoma Metropolis.
Canoo will initially occupy near 500,000 sq. toes, with the power to increase. In section 1, Canoo expects to make use of greater than 500 individuals, ramping groups over the approaching months.
“One of many causes we picked Oklahoma is as a result of it has one of the wonderful work forces in America. They’ve confirmed themselves throughout many industries, together with aviation and aero protection, which is why we’re excited to announce our second manufacturing facility in Oklahoma Metropolis, following our Car Module Manufacturing Facility occasion on April 5, in Pryor, OK,” mentioned Tony Aquila, Chairman and CEO at Canoo. “I need to thank Mayor Holt and the individuals of Oklahoma Metropolis for welcoming us. I additionally need to thank Secretary of Commerce Mariska and his crew for all their assist, in addition to Terex (NYSE:) management for permitting us to get began with our groups previous to the shut.”
Canoo’s Oklahoma Metropolis Manufacturing Facility will sit on an current business web site with room for growth on greater than 120 acres and can help a full normal and last automobile meeting line, state-of-the-art robotics, a physique store, paint store and automatic paint line together with e-coat and sealing, high quality management, full automobile testing, validation and extra.
With an current coaching heart, and check observe, the ability is positioned inside simple proximity to street, rail, and waterways, making it ideally suited for stylish provide chains and manufacturing. This facility might be powered by OG&E and has the flexibleness to include renewable power. Canoo’s lately introduced Pryor facility consists of renewable power sources powered by GRDA.
Shares of GOEV are down 0.04% in afternoon buying and selling on Monday.
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