The decision to move will improve Canoo’s operational efficiencies and encourage collaboration, assisting the company to achieve its goals toward step level ramp manufacturing. Beginning in the fourth quarter of 2024, nearly 137 engineers will relocate to Texas and Oklahoma, with approximately 75% in Oklahoma. Upon moving, Canoo is also opening numerous positions for hire across Texas and in Oklahoma City, which will offer nearly 150 positions to future employees. Canoo estimates these initiatives will generate $15 million in new taxes from the relocations of its engineering teams and headquarters, with an anticipated $150 million in new tax base over the next decade. Canoo’s vehicles are currently in use with USPS, Walmart, NASA and other large commercial, government and fleet customers. The company emphasizes its innovative, design-focused innovative electric cargo vehicles are transforming the commercial vehicle landscape, with the vehicle’s modular electric platform designed to maximize the interior space and support a wide range of needs.
Employees at Canoo collaborate in the manufacturing facility.
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