Canoo Acquires Additional Advanced Manufacturing Assets at Deep Discounts [Yahoo! Finance]
Canoo Inc. - Class A (GOEV)
Company Research
Source: Yahoo! Finance
Justin, TX, March 25, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV ), a leading high-tech advanced mobility company, today announced that it completed the acquisition of a substantial portion of the advanced manufacturing assets that were previously owned by Arrival Automotive UK Limited. The purchased assets will be collected into more than 20 containers and shipped by sea to Canoo's manufacturing facilities in Oklahoma. As announced in January 2024 , Canoo previously acquired substantially all of the new and like-new assets owned by Arrival Automotive USA, Inc. These assets were transported from Arrival's North Carolina facility and received at Canoo's Oklahoma facility where commissioning is underway. Canoo has the necessary manufacturing equipment to deliver 2024 production and this acquisition expands its capabilities to deliver its 2025 production at significantly lower costs. The assets purchased in this opportunistic transaction will accelerate Canoo's transition to au
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GOEV
Earnings
- 4/1/24 - Beat
GOEV
Sec Filings
- 4/16/24 - Form SC
- 4/16/24 - Form 4
- 4/12/24 - Form S-8
- GOEV's page on the SEC website