Canoo’s Oklahoma City Manufacturing Facility Approved as Foreign Trade Zone
Canoo Inc. - Class A (GOEV)
Company Research
Source: GlobeNewswire
Justin, TX, March 18, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), a leading high-tech advanced mobility company, announced that the U.S. Department of Commerce has approved its Oklahoma City facility as a Foreign Trade Zone (FTZ). The approval marks a significant milestone that will accelerate Canoo’s Made in America electric vehicle manufacturing strategy, improve unit profitability and enable a faster path to breakeven. Canoo’s Oklahoma City facility currently employs more than 100 workers and will support as many as 1,100 good-paying manufacturing jobs at full capacity. FTZ designation allows for the elimination of all customs duties on vehicles sold to customers overseas and for deferral of customs duties on imported parts used in vehicles sold domestically. The company proudly sources more than 90% of its parts from the U.S. and allied nations. Approximately 70% of parts come from North America, and the remaining from the rest of the world. For international sales
Show less
Read more
Impact Snapshot
Event Time:
GOEV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GOEV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GOEV alerts
High impacting Canoo Inc. - Class A news events
Weekly update
A roundup of the hottest topics
GOEV
News
- Canoo Inc. (NASDAQ: GOEV) is now covered by analysts at Benchmark Co.. They set a "buy" rating and a $5.00 price target on the stock.MarketBeat
- Why Canoo Inc. (GOEV) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Canoo (GOEV) Partners With Red Sea Global to Expand Footprint [Yahoo! Finance]Yahoo! Finance
- Wall Street Analysts See Canoo (GOEV) as a Buy: Should You Invest? [Yahoo! Finance]Yahoo! Finance
- Canoo Further Expands its International Market Presence through the Red Sea Global Partnership in the Kingdom of Saudi Arabia [Yahoo! Finance]Yahoo! Finance
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