Canoo relocates its corporate office
By Luke Willetts - 5th November 2024
USA – American light duty EV manufacturer, Canoo Inc has relocated its corporate headquarters from California to northern Texas. This relocation is part of a broader restructuring plan, which also includes the migration of Canoo's engineering workforce to its two main Oklahoma locations in Oklahoma City and Pryor, beginning in Q4 this year. Canoo's decision to move was also influenced by favourable business conditions in the region, such as tax incentives, lower operational costs, and access to a skilled workforce. The move was part of Canoo's strategic efforts to cut costs and position itself closer to its core manufacturing and operational hubs. Canoo plans to manufacture its electric pickup trucks next year in Oklahoma.
Earlier this year the company purchased manufacturing assets (robotics and machinery equipment) from the now defunct, Arrival Ltd of London, UK. These manufacturing assets have been shipped by sea to the Canoo manufacturing facility in Oklahoma City.
