OKC

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) hit several milestones in the third quarter, including delivering its first EV built at its new Oklahoma facility. Canoo delivers first “Made in Oklahoma” EV in Q3 “We are now in our manufacturing and revenue-generation phase,” Tony Aquila, Canoo CEO, said after delivering Q3 results this week. Although it took “nearly three years to get to this point,” as Aquila explained, Canoo began generating its first revenue during the quarter. Canoo announced it had…