Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company,
today announced the company’s official launch into the United
Kingdom market by establishing Canoo Technologies UK Limited, a new
legal entity in the UK, marking a significant milestone in the
company’s global expansion strategy. Canoo has selected Bicester
Motion, an iconic automotive campus, as a key location that
reflects the company’s spirit of innovation and commitment to
sustainability. This decision and location, being a former WWII
Royal Air Force base, underscores the long-standing partnership
between the United States and the United Kingdom, a relationship
built on shared values, economic collaboration, and mutual trust.
Through this partnership, Canoo continues to strengthen its
presence in the UK market while driving forward its mission of
delivering sustainable mobility solutions globally.
This move signifies a pivotal step in Canoo’s global expansion,
setting the stage for the company to introduce groundbreaking
commercial electric vehicle (EV) solutions to the UK. Bicester
Motion will serve as Canoo’s future operations, customer, and
activation center, providing a dynamic base for its commercial
efforts across the UK and Europe. The Canoo space plans to open in
October.
The UK is a global pioneer and leader in EV adoption with one of
the most ambitious regulatory frameworks in the world. Under its
Zero Emission Vehicle (ZEV) mandate, 80% of new vehicles and 70% of
new vans sold must be zero-emission by 2030, increasing to 100% by
2035. According to the Society of Motor Manufacturers and Traders
(SMMT), earlier this year the UK saw 17 consecutive months of
growth in the LCV market. The small van market has been
particularly strong in 2024, with demand up 42.0% year-to-date.
“Our expansion into the UK is a key milestone in our global
growth strategy, enabling us to establish a local presence for our
commercial customers to better serve their needs,” said Tony
Aquila, Investor, Executive Chairman, and CEO of Canoo. “Six months
ago, we debuted our right-hand drive vehicle, the USPS’ LDV 190 and
also our LDV 130, and hosted and attended numerous fleet shows and
customer test drives on tracks to establish ourselves as an
American partner in the region. The UK activation center at
Bicester Motion will allow us to leverage the local expertise while
strengthening our commercial operations in this high-potential
market that provides incentives including the plug-in van grant
(PIVG) to help the growing demand and reach the government’s
zero-emissions goals. We look forward to sharing more in the near
future.”
Tony Aquila, Investor, Executive Chairman, and CEO of Canoo, has
achieved remarkable success in the UK market, including his
leadership at his previous company Solera, an automotive software
company, which he founded, and CAP-HPI which Solera acquired. Over
his career, Tony has had a history of successful operations in the
UK which include acquiring various businesses, creating hundreds of
new jobs, and generating over one hundred million dollars of
annualized revenue.
Canoo will take a customer-centric approach to entering the UK
market focusing on configuration to meet the diverse and immediate
needs of its commercial and government fleet customers. Canoo’s
strategy will include pilots followed by rollout of vehicles, and
the company will work directly with customers to create solutions
that meet their specific demands.
Canoo selected Bicester Motion for their Activation Center due
to the location’s rich history in automotive innovation, making it
an ideal hub for showcasing their cutting-edge EVs and connecting
with a community of more than 50 automotive brands. Canoo’s
activation center will serve as an environment for customers to
experience and test drive Canoo’s right-hand drive commercial
vans.
“We relish the opportunity to welcome like-minded technology
pioneers to the UK to join our drive to positively shape the future
of mobility,” said Daniel Geoghegan, CEO of Bicester Motion. “Over
the last decade we have built a world-leading community for
disruptive mobility leaders, manufacturers, innovators and
change-makers who have a shared passion to deliver the mobility
solutions we need for the future. It is clear that Canoo shares our
vision, and we are pleased to provide them with a dedicated
center-of-excellence from which they can launch their UK operation
and to establish another international marque at Bicester
Motion.”
For more information, visit www.canoo.com.
About Canoo
Founded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech
company that manufactures electric cargo vehicles, built to
deliver, for large commercial, government and fleet customers
globally. The company has developed design-forward innovative
electric vehicles with steer-by-wire technology on its common
modular platform with end-to-end software plus power solutions.
Canoo’s platform is purpose-built to maximize the vehicle interior
space and is customizable to support a wide range of business and
government applications. Headquartered in Justin, Texas, Canoo has
teams located in California, Michigan and Oklahoma with world-class
vehicle and battery facilities in Oklahoma City. For more
information please visit www.canoo.com and investors.canoo.com.
Forward-Looking StatementsThe information in
this press release includes "forward-looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target" or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements about our plans, expectations and objectives with
respect to the results and timing of the reverse stock split and
the effect the reverse stock split will have on the Company's
ability to regain compliance with the Nasdaq Listing standards.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of Canoo's management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of Canoo. These
forward-looking statements are subject to a number of risks and
uncertainties, including changes in domestic and foreign business,
market, financial, political and legal conditions; Canoo's ability
to access future capital, via debt or equity markets, or other
sources; the rollout of Canoo's business and the timing of expected
business milestones and commercial launch; future market adoption
of Canoo's offerings; risks related to Canoo's go-to-market
strategy and manufacturing strategy; the effects of competition on
Canoo's future business, and those factors discussed under the
captions "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in Canoo's Annual
Report on Form 10-K for the fiscal year ended December 31, 2023
filed with the U.S. Securities and Exchange Commission (the "SEC")
on April 1, 2024, as well as its past and future Quarterly Reports
on Form 10-Q and other filings with the SEC, copies of which may be
obtained by visiting Canoo's Investors Relations website at
investors.canoo.com or the SEC's website at www.sec.gov. If any of
these risks materialize or our assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
Canoo does not presently know or that Canoo currently believes are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect Canoo's expectations, plans or
forecasts of future events and views as of the date of this press
release. Canoo anticipates that subsequent events and developments
will cause Canoo's assessments to change.
However, while Canoo may elect to update these forward-looking
statements at some point in the future, Canoo specifically
disclaims any obligation to do so. These forward-looking statements
should not be relied upon as representing Canoo's assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Media Contactpress@canoo.com
Investor Relations ContactIR@canoo.com
Canoo (NASDAQ:GOEV)
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から 11 2024 まで 12 2024
Canoo (NASDAQ:GOEV)
過去 株価チャート
から 12 2023 まで 12 2024