Canoo Inc. announced the purchase of manufacturing assets at reduced prices to scale production at its Oklahoma City, OK, facility, and the creation of more than 100 new jobs, making the state home to 20% of Canoo’s total workforce.
Canoo purchased a cache of manufacturing assets, from robotics to controls processing equipment, that will be used to build vehicle cabins. As Canoo scales manufacturing to make additional customer deliveries in 2024, the company is continuously exploring ways to acquire high-value equipment at reduced prices through alternative routes. Canoo purchased the assets at a discounted price of over 80 percent of estimated value.
The company is also building the team of skilled workers at both its Oklahoma City vehicle manufacturing facility and also at its battery module assembly facility in Pryor.
The company is growing its team across Oklahoma to scale manufacturing and meet customer deliveries of 18,000 committed orders representing $750 million in revenue over multiple years. Oklahomans make up more than 90% of the Canoo team in Oklahoma, and military veterans and Native Americans each make up about 10% of Canoo’s workforce in the state.
Canoo’s Oklahoma City manufacturing workforce is earning annual wages about 37% above the local average for similar roles in the metropolitan area. With about 30 open positions in the state, the company is continuing to build its workforce with the help and support of partners, including Express Employment Professionals, Canadian Valley Technology Center, Atlas School, Oklahoma Department of Commerce, Cherokee Nation and Pawnee Nation.
