GOEV

Shares of American EV startup Canoo (GOEV) are surging after its Oklahoma City facility received approval as a Foreign Trade Zone (FTZ). The approval will help improve Canoo improve profitability as it scales production. Canoo (GOEV) gets FTZ status for its OKC EV facility After throwing a lifeline to keep its shares listed on the NASDAQ with a reverse stock split earlier this month, Canoo’s (GOEV) stock is surging following the approval at its OKC EV facility. Canoo announced on Monday that…

EV startup Canoo (GOEV) is throwing out a lifeline to keep its shares listed on the NASDAQ exchange. Canoo announced a 1-for-23 reverse stock split Wednesday as share prices hit a new all-time low. Canoo initiates a 1-for-23 reverse stock split to stay listed The reverse stock split will go into effect on March 8, 2024, before the market opens. Canoo’s stock will continue trading under the ticker symbol GOEV. What does Canoo’s reverse stock split mean for your shares? For every 23 shares of…

EV startup Canoo (GOEV) is making progress. Most recently, Canoo’s rugged American Bulldog electric pickup was spotted testing near its OKC manufacturing facility. After delivering the first EV built at its new Oklahoma City plant late last year, Canoo revealed its latest model. Canoo introduced the American Bulldog electric pickup in November, claiming it’s “woven into the American spirit” with iron and grit. Canoo’s electric pickup is a derivative of the Screaming Eagle, which was delivered to…

EV startup Canoo (GOEV) released its fourth-quarter earnings Thursday as it enters a critical phase of development. After resolving the SEC investigation and agreeing to pay $1.5 million, Canoo says it has new opportunities to access funding. Canoo resolves SEC dispute with $1.5M settlement Since its foundation in Canoo 2017, the EV maker has had its fair share of highs and lows. After going public in 2020, along with a slew of other electric vehicle startups (and SPACs in general),…

Canoo (GOEV) is making good on its promise to bring EVs to everyone with a new distributor partnership that will expand its network to Saudi Arabia. The young EV maker has had its fair share of ups and downs since its foundation in 2017. Canoo was started by two former Faraday Future (FFIE) employees and has been one of the most closely watched electric vehicle makers after going public on the NASDAQ exchange in 2020 under the ticker GOEV. Based on the idea that canoes have been used for…

EV startup Canoo (GOEV) has been battling all year to bring its “breakthrough” electric “lifestyle vehicles” to market. The company now has up to a $1 million incentive to manufacture new EVs at its Oklahoma City plant, but there’s a caveat. Founded in 2017, Canoo has raced into the EV market with big expectations. Although, like many EV startups, Canoo quickly began burning cash without a full-scale production vehicle. After posting a $125 million loss in the first quarter of 2022, Canoo…

EV maker Canoo (GOEV) is on a mission to provide electric vehicles for multiple uses with its flexible Multi-Purpose Platform. Canoo announced today it has officially delivered its Light Tactical Vehicle (LTV) EV based on the platform to the US Army. Meanwhile, the military implementing electric vehicles can do more than protect the planet from climate change. Founded in 2017, Canoo has overcome several hurdles in bringing its “use case” EV platform to market. With nearly $1 billion in…

It’s an exciting time for American EV startup Canoo (GOEV) as the company gears up to begin commercial production. After acquiring a new manufacturing facility in Oklahoma City, the company says it’s working on starting production on its own equipment this month. Canoo (GOEV) lives another day Canoo has overcome adversity all year. After barely skidding by in the first quarter, taking an over $125 million loss, and expressing significant doubt it will be able to continue, Canoo is on its way…