Canoo’s Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of Oklahoma
Canoo Inc. - Class A (GOEV)
Company Research
Source: GlobeNewswire
FTZ activation insulates Canoo from import tariffs and allows for deferments and exemptions as the company expands its global presenceThe approval of Canoo's FTZ allows other vendors and partners to relocate into Canoo’s user-driven site thereby broadening the benefits to Canoo and its partnersEffective immediately providing a 5% reduction in BOM costs for imported parts significantly improving margins JUSTIN, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), a high-tech advanced mobility company, announced today that the U.S. Customs and Border Protection (CBP) has officially approved final activation of Canoo’s Oklahoma City operations as a Foreign-Trade Zone (FTZ), becoming one of the largest FTZs in the State of Oklahoma. This activation status qualifies Canoo to take advantage of FTZ benefits, effective immediately. This final designation will allow Canoo to significantly streamline its operations, offering financial and logistical benefits as the
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News
- Canoo Partners with Northside Truck & Van to Deliver its Initial Parts Network and Reliable Service, Maintenance, and Repair Services to Customers in the United Kingdom [Yahoo! Finance]Yahoo! Finance
- Canoo Partners with Northside Truck & Van to Deliver its Initial Parts Network and Reliable Service, Maintenance, and Repair Services to Customers in the United KingdomGlobeNewswire
- Canoo Inc. (NASDAQ: GOEV) had its price target lowered by analysts at HC Wainwright from $4.00 to $2.00. They now have a "buy" rating on the stock.MarketBeat
- Canoo Inc (GOEV) Q3 2024 Earnings Call Highlights: Navigating Growth and Challenges Amidst ... [Yahoo! Finance]Yahoo! Finance
- Canoo Inc. Announces Third Quarter 2024 ResultsGlobeNewswire
GOEV
Earnings
- 11/13/24 - Beat
GOEV
Sec Filings
- 11/21/24 - Form 3
- 11/21/24 - Form 3
- 11/14/24 - Form 10-Q
- GOEV's page on the SEC website