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Canoo Inc - GOEV STOCK NEWS

Welcome to our dedicated news page for Canoo (Ticker: GOEV), a resource for investors and traders seeking the latest updates and insights on Canoo.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Canoo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Canoo's position in the market.

Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) receives approval for its Oklahoma City facility as a Foreign Trade Zone (FTZ) by the U.S. Department of Commerce. This approval is expected to bring up to $70 million in estimated vehicle cost savings and duty deferrals in 2024 and 2025. The FTZ designation will accelerate Canoo's Made in America electric vehicle manufacturing strategy, improve unit profitability, and create up to 1,100 manufacturing jobs. The company sources over 90% of its parts from the U.S. and allied nations, with significant cost savings on international sales and improved working capital for domestic sales. Canoo aims to enhance profitability, streamline its supply chain, and boost site security through this FTZ approval.
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End-of-Day
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Rhea-AI Summary
Canoo Inc. (GOEV) will release its financial results for Q4 and full year 2023 on April 1, 2024, followed by a conference call and webcast. Details for accessing the call and webcast are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.23%
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earnings
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Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) management team to attend upcoming investor conferences, including Emerging Growth Conference, 36th Annual ROTH Conference, and LD Micro Invitational XIV. Investors can access live webcasts and replays on the Canoo website.
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Rhea-AI Sentiment
End-of-Day
14.06%
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conferences
Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) announces a 1-for-23 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. The split will be effective on March 8, 2024, with the new CUSIP number 13803R201. The Board approved the reverse split to ensure the closing bid price reaches $1.00 per share for ten consecutive business days by March 25, 2024.
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Rhea-AI Sentiment
End-of-Day
-8.63%
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stock split
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Rhea-AI Summary
Canoo Technologies (NASDAQ: GOEV) receives funding from the State of Oklahoma for achieving employment milestone, creating high-paying advanced manufacturing jobs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.57%
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Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) appoints two leaders in electric mobility, public policy, clean energy, technology, and cybersecurity to its Board of Directors, aiming to achieve strategic growth objectives and increase market penetration. Deborah Diaz and James Chen bring extensive experience in government, corporate leadership, technology governance, cybersecurity, and regulatory matters to the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
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management
Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) has entered into a binding agreement with Zeeba, a national fleet management company, to add 3,000 Lifestyle Delivery Vehicle (LDV) electric vehicles to its fleet. This is part of an existing agreement that awarded a total of 5,450 electric vehicles to Zeeba. The partnership signifies a major step forward in the electrification of commercial fleets across the United States. Zeeba has experienced impressive revenue growth and has a large backlog of clients waiting for Canoo vehicles, with over 1,000 clients already on the waiting list. Canoo's CEO, Tony Aquila, and Zeeba's CEO, Kayvon Marashi, both expressed excitement about the partnership and the potential for Canoo's EVs to meet the increasing demand for sustainable transportation options in the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.33%
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none
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Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) announces the U.S. Postal Service's purchase of six battery-electric Canoo vehicles, part of USPS's $40 billion investment strategy to modernize its delivery fleet. The vehicles will leverage Canoo's patented technologies for enhanced functionality, safety, and ergonomics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.89%
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Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) has announced a binding order from Kingbee, a national van provider, for 9,300 Canoo LDV 130 vehicles, with an option to increase to 18,600 vehicles. The delivery is part of a phased ramp-up manufacturing approach in Oklahoma City, with additional customer deliveries scheduled through 2024. The vehicles are engineered for service workers, optimized for safety, reliability, and comfort, providing a competitive edge for commercial fleet companies. Kingbee will upfit, custom wrap, and deliver Canoo vehicles as work-ready fleet solutions for companies across the United States.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.7%
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none
Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) has announced the creation of over 100 new jobs in Oklahoma, representing 20% of its total workforce. The company is scaling manufacturing to meet customer deliveries of 18,000 committed orders, totaling $750 million in revenue over multiple years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.82%
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Canoo Inc

Nasdaq:GOEV

GOEV Rankings

GOEV Stock Data

165.12M
28.25M
2.89%
13.45%
14.17%
Motor Vehicle Electrical and Electronic Equipment Manufacturing
Manufacturing
Link
US
Torrance

About GOEV

canoo’s mission is to bring evs to everyone.unlike anything on the road today, canoo has developed breakthrough electric vehicles that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans all owners in the full lifecycle of the vehicle.