CANOO’S STRATEGIC MOVE TO
OKLAHOMA AND TEXAS WILL ENHANCE
ECONOMIC GROWTH IN ELECTRIC
Canoo Inc. will migrate its engineering workforce to its two established Oklahoma locations, Oklahoma City and Pryor, and will relocate its corporate headquarters from Torrance, California to Justin, Texas. “It’s an honor to partner with the state of Oklahoma and its workforce to create a legacy for electric vehicles in America’s Heartland,” said Tony Aquila, Investor, Executive Chairman and CEO of Canoo. Canoo is a technology equipment manufacturer for commercial, government and fleet electric cargo vehicles. The company boasts world-class vehicle and battery facilities located in Oklahoma City, which was designated as a Foreign Trade Zone (FTZ) earlier this year. “This FTZ will generate economic growth, American jobs and have a long-term permanent financial benefit to working capital and cost of materials,” Aquila said. “We want to say a big thank you to the U.S. Department of Commerce, the Port Authority of the Greater Oklahoma City Area, our team and all our supporters and partners for guiding us to this important accomplishment.” Canoo’s primary motivation for relocating to Oklahoma is the co-location of its engineering and manufacturing operations located at the company’s vehicle manufacturing facility in Oklahoma City. This facility, which spans approximately 500,000 square feet, has significant potential for future expansion.
VEHICLE SECTOR
2
Made with FlippingBook - professional solution for displaying marketing and sales documents online