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Canoo adds manufacturing partner to bridge the gap before U.S. plant ready
Canoo adds manufacturing partner to bridge the gap before U.S. plant ready
- Canoo(GOEV+0.1%)makes several announcement as part of its investor relations event today.
- The company says VDL Nedcar is its contract manufacturing partner. Netherlands-based VDL Nedcar will manufacture the Lifestyle Vehicle for the U.S. and European Union markets while Canoo builds its U.S.-based mega microfactory.
- The Nedcar facility is slated to build up to 1000 units for both the U.S. and European markets in 2022 with a target of 15K units in 2023.
- Importantly, Canoo says the arrangement will help it meet its commitment to start production and deliver vehicles in Q4 of 2022.
- "We conducted an exhaustive search, invested significant amounts of time and resources that span the globe, in our search for our Phase 1 contract manufacturer.
