Canoo Inc. (NASDAQ: GOEV) stock surged by 23.67% at last close while the GOEV stock price gains by 19.62% in the after-hours trading session. Canoo’s objective is to make electric vehicles accessible to everyone. The company has created ground-breaking electric vehicles that are redefining the automotive landscape with radical design innovations, cutting-edge technologies, and a one-of-a-kind business model that covers the vehicle’s entire lifecycle.
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Canoo has announced that its Oklahoma relationship would be expanded to include new R&D, software development, customer support, and financing centers. At least 700 new high-paying jobs are likely to be created as a result of the investments.
In-vehicle design, engineering, and software engineering, Canoo is leading the way. The R&D and software labs, which are based in Tulsa, will support technological advancements and pioneer the production of proprietary software that enhances consumer vehicle safety and efficiency. Oklahoma will also house the customer service and financing center.
Canoo’s official announcement expands on the company’s long-standing relationship with Oklahoma. Canoo revealed the location of its U.S. production facility in Oklahoma in June 2021. This plant is expected to provide 2,000 high-paying employment.
Tony Aquila, Investor, Chairman, and CEO, Canoo, stated,
Oklahoma is quickly establishing itself as a global innovation hotspot, thanks to a dedicated and inspiring collection of corporate, family, educational, and government leaders. These ground-breaking collaborations have aided in the development of a talented workforce and world-class research universities, making Oklahoma the ideal location for developing cutting-edge software for their entire EV solutions.
Scott Mueller, Oklahoma’s Secretary of Commerce and Workforce Development commented,
In the months since Canoo announced its intention to locate its first U.S. production facility at the Mid-America Industrial Park in Pryor, OK, they’ve been closely working with Tony and the rest of the Canoo team. This extra investment indicates their dedication to Oklahoma and the skilled staff that they have to offer. Canoo has been important in helping them in working with their supplier network to maintain the momentum Oklahoma has shown in becoming a hub for the electric car sector in the United States.