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Everything investors should know from EV start-up Canoo’s investor day

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Canoo electric vehicle

Source: Canoo

Electric vehicle start-up Canoo on Thursday sought to assure investors that it has a solid, and real, business plan following abrupt changes at the company, including the departure of its co-founder and CEO Ulrich Kranz, who recently joined Apple.

Speaking at the company’s investor day, Canoo CEO and Chairman Tony Aquila reiterated many of the company’s technological claims as well as plans to build three new EVs, including a pickup, and three other EVs. He also provided additional details about its manufacturing plans, including a new U.S. assembly plant.

“We’re in it for the long run. I’m in it for the long run,” he said during the event that took place…



Source cnbc.com

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