GOEV - Canoo Shares Are Trading Higher: What's Going On | Benzinga
Canoo Inc. (NASDAQ:GOEV) shares are trading higher Wednesday. Here’s what you need to know.
What’s Going On: Early this week a report came out that the company recently bolstered its production capabilities with the acquisition of advanced manufacturing assets at its Oklahoma City facility.
Obtained from Arrival Automotive UK Ltd., these assets include state-of-the-art robots and comprehensive production infrastructure aimed at ramping up cabin line production volumes starting in 2025.
This strategic move is expected to streamline Canoo’s production processes, leading to reduced ...