Summary by Moomoo AI
Canoo Inc. announced its expansion into the UK market by establishing Canoo Technologies UK Limited and launching operations at Bicester Motion automotive campus. The facility will serve as the company's operations, customer, and activation center for the UK and European markets, set to open in October 2024. The center will showcase and offer test drives of Canoo's right-hand drive commercial electric vans.The expansion aligns with the UK's ambitious EV adoption goals, which mandate 70% of new vans to be zero-emission by 2030 and 100% by 2035. The UK market shows strong potential, with the small van segment experiencing 42% YTD growth and 17 consecutive months of LCV market expansion. The location will leverage local expertise while benefiting from government incentives including...Show More
