GOEV - Canoo stock jumps after securing lease for Oklahoma facility
2023-04-10 06:45:21 ET
- Canoo ( NASDAQ: GOEV ) shares climbed ~6% premarket on Monday after the mobility company secured a long-term lease agreement for its recently announced vehicle manufacturing facility in Oklahoma City.
- The California-based automotive startup will will initially occupy close to 500,000 sq ft, with the scope to expand. The facility will employ more than 500 people in phase 1, and ramp up teams over the coming months.
- An existing commercial site with room for expansion on more than 120 acres, Canoo's Oklahoma City Manufacturing Facility will support a full general and final vehicle assembly line, state-of-the-art robotics, a body shop, paint shop and automated paint line including e-coat and sealing, quality control, complete vehicle testing, validation and more.
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Canoo stock jumps after securing lease for Oklahoma facility