They recently showcased some of their vehicle prototypes at the State Capitol in OKC
They recently showcased some of their vehicle prototypes at the State Capitol in OKC
Hitting the road.
Canoo LDVs take flight for Walmart InHome advanced deliveries
https://electrek.co/2022/08/23/canoo...me-deliveries/
Some not so good news again: https://fortune.com/2022/08/29/canoo...gest-retailer/
The Canoo shares are trading for around $3.25 right now. I purchased some with a little bit of fun I have for stuff like this. It could all go to sh!t or in a few years take off like Tesla, who knows?
Are any of you expecting them to make money so early, without major production facilities? Most start ups lose money for years before being profitable.
Hasn't yet generated any revenue. In the first paragraph. Like I said. Most start-ups make no money for a few years. How old is Canoo (I plead ignorance on that)?
If less than 5 years for an EV start-up that doesn't have Musk being a shiny face for them, it's fair for them to not have any revenue.
I'm not bashing, I just know, as an accountant, that revenue means very little for start-ups early in their start.
I guess decent news for the company as it’s somewhat of a sign moving forward but it looks like the Walmart Canoo’s won’t be built at the Oklahoma site.
https://www.bloomberg.com/news/artic...ns-outsourcing
Really makes you want them to succeed
One Canoo in the wild!
Some good news,
https://electrek.co/2022/10/11/canoo...f-are-binding/
Another Teslarati article claiming Canoo is moving forward on this plane for Oklahoma operations starting with battery production:
- https://www.teslarati.com/canoo-batt...tion-oklahoma/ByJoey KlenderPosted on November 2, 2022
Canoo announced on Wednesday that it would build electric vehicle battery modules at a renovated facility in the MidAmerica Industrial Park in Pryor, Oklahoma.
The new facility is expected to expand Canoo’s manufacturing and employment footprint in the region as it continues to ramp production of its electric vehicles. The factory will be capable of approximately 320 MWh of battery module capacity, or .320 GWh.
The battery facility will be located in the same complex as Canoo’s MegaMicro Factory, which will include a paint shop, body shop, and general assembly plant when it is finished.
It sure would be nice if the city of Tulsa could find a way to lure them to move their HQ there but given their new relationship with Walmart I doubt that is even a remote possibility.
https://www.press.canoo.com/press-re...-oklahoma-city
Canoo to Oklahoma City!??
From their press release:
Strategically located with easy access to road and rail, the facility will produce Canoo’s LDV and LV vehicles for delivery to customers in 2023.
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Canoo considered multiple potential sites before selecting the location in Oklahoma City. An existing commercial site with more than 630,000 square feet of move-in ready space and significant room for further expansion, the facility will be adapted for Canoo and outfitted to accommodate a full vehicle assembly line with state-of-the-art robotics, a paint shop and upfitting center. As with Canoo’s other facilities in Pryor Oklahoma, the Vehicle Manufacturing Facility will be powered with clean energy. When fully renovated, the Facility will align with Canoo’s vision for sustainable, nature-centric campuses.
Where in OKC might this be?
It will be the old Terex property near I-40 and Morgan Road:
Wow This is awesome for OKC!
I must’ve completely missed that Terex was no longer active there…? When did that happen?
Earlier this year; moved to Mexico:
https://news.conexpoconagg.com/news/...o/3415.article
I noticed that there didn't appear to be much activity at Terex, but I didn't know they closed up shop. I'm guessing Canoo is going to tear down the Terex plant and build a new facility? I sure hope so, as the Terex plant is very dated looking. Now, if only the Xerox plant would be repurposed.
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