- Electric vehicle company Canoo went public through a SPAC deal with Hennessy Capital Acquisition Corp. IV but saw its share price decline significantly from recent highs.
- The company plans to enter multiple EV categories with a unique subscription-service and skateboard technology which may be key differentiators.
- Recent news have been scarce except headlines that Apple was in talks for its own EV plans. A big partnership like this would drive the stock significantly higher.
- Management has a proven track record in the car, manufacturing and EV industry at BMW, GM and Deutsche Bank.
- We are long with a speculative but small position following recent stock price declines.
For further details see:
Canoo: Differentiation Potential In EV Space, But Still A Show-Me Story