Aquila, who is the third-largest investor in the company, called it a "high volume plant" that will take about 18 months to construct. He declined to disclose the expected cost and size of the facility, which Canoo says will employ more than 2,000 people.
The company initially planned to produce vehicles through an outside contractor rather than producing the vehicles themselves. It was a major change along with a significant reduction in its plans to offer a vehicle subscription ownership model and sell its technologies to other companies such as Hyundai., another SPAC-backed EV start-up, Canoo made it clear that it has more than 9,000 refundable deposits from customers but no binding orders.
"You will get a tremendous amount of transparency from Canoo," CMO Mark Aikman, a former marketing manager at Mercedes-Benz USA, said during the event.looking at Lordstown's pre-order claims, among other things involving the company's merger with SPAC DiamondPeak Holdings in October.
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