- Canoo ( NASDAQ: GOEV ) has inked an agreement with GCC Olayan (General Contracting Company) a subsidiary of Olayan Saudi Holding Company (OSHCO), for sale, service, and distribution of Canoo fleet solutions in Saudi Arabia.
- The companies are also working to develop a joint venture to launch a digital vehicle ecosystem for service maintenance repair, local assembly, and eventually manufacturing.
- Shares up 2% in Wednesday's premarket session.
For further details see:
Canoo in pact with GCC Olayan for distribution and after sales service of its EV in Saudi Arabia