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Jun 30, 2021
Canoo Q2 2021 Earnings Report
Announced financial results for the second quarter of 2021.
Key Takeaways
Canoo announced its Q2 2021 financial results, highlighting their focus on sustainable and affordable mobility and key contracts with VDL Nedcar and Oklahoma for manufacturing.
Awarded phase 1 contract to VDL Nedcar for contract manufacturing.
Selected Oklahoma as partner for owned manufacturing plant, with approximately $300 million in non-dilutive financial incentives.
Targeting 2,000 high-paying jobs in Oklahoma, with a goal to hire at least 40% from the local community (Native Americans and veterans).
Remains focused on execution as they start the countdown to SOP for their Lifestyle Vehicle when they enter the fourth quarter of this year.
Canoo
Canoo
Forward Guidance
Canoo provided business outlook based on current projections.