Summary by Moomoo AI
On September 9, 2024, Canoo Inc., a technology company specializing in electric cargo vehicles, announced the relocation of its engineering workforce and corporate headquarters. The move will transfer approximately 137 engineering positions from California to Texas and Oklahoma, with the majority being based in Oklahoma. This strategic decision aims to co-locate engineering and manufacturing to enhance operational efficiencies and collaboration, particularly within the company's 500,000 square foot manufacturing facility in Oklahoma City. Canoo is also expanding its hiring efforts in both Texas and Oklahoma, with plans to open around 150 positions. The company's executive leadership team has been operating out of Justin, Texas since 2021, which will now become Canoo's official headquarters. Canoo's electric vehicles are currently used by USPS, NASA, the U.S. Army, and other commercial and government fleet customers. The company was founded in 2017 and has teams across California, Michigan, and Oklahoma, with vehicle and battery facilities in Oklahoma City.