Canoo Boosts Production Capabilities with New Manufacturing Assets in Oklahoma
Portfolio Pulse from Benzinga Newsdesk
Canoo Inc. (NASDAQ:GOEV) has enhanced its production capabilities by acquiring advanced manufacturing assets from Arrival Automotive UK Limited. These assets will improve production efficiency and scalability at Canoo's Oklahoma City facility, which manufactures electric cargo vehicles.
June 24, 2024 | 11:02 am
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Canoo Inc. has acquired advanced manufacturing assets to enhance production efficiency and scalability at its Oklahoma City facility. This move is expected to reduce lead times, lower capital expenditures, and decrease unit costs, positively impacting future revenues.
The acquisition of advanced manufacturing assets will streamline Canoo's production processes, leading to reduced lead times, enhanced scalability, and lower costs. This is likely to positively impact the company's future revenues and operational efficiency.
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