Shares of EV start-up Canoo surge as much as 14% on new electric pickup truck


EV start-up Canoo unveiled its electric pickup on March 11, 2021.


Shares of electric vehicle start-up Canoo jumped by as much as 14% during intraday trading Thursday after the automaker detailed plans for a new bubbly looking pickup truck.

The unnamed vehicle features a rounded, snub-nosed front end with similar lighting and design elements to an electric van the company announced last year. Canoo said it designed the pickup “to be the most cab-forward and space efficient on the market, with massive cargo capacity on the smallest footprint possible.” Auto website Jalopnik compared the design to a retro Volkswagen van or pickup from the 1950s.

Canoo, which went public through a reverse…


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