Canoo production targets of 40,000 to 50,000 vehicles for 2024, and 70,000 to 80,000 units for 2025. Canoo has previously said the Oklahoma plant will build more than 150,000 a year at full capacity. read more Canoo said in November it would add a plant in Arkansas to build small package delivery vehicles, but a spokesman said the facility will be able to flex between that vehicle and the company's seven-seat, pod-shaped vans it calls "lifestyle vehicles."
Canoo developed a "skateboard," or a low-rise platform that bundles batteries and electric motors with such chassis components as steering, brakes and wheels, on which a variety of vehicle body types can be built. The company also plans to build a pickup truck.
WHAT IT IS: The Canoo Pickup and Canoo Van family of electric vehicles feature rounded, faux forward-control styling evocative of 1960s vans and trucks. These products will share mechanicals with a line of commercial vans that employ a more angular, interior-volume-maximizing design. In the passenger van, tall seating areas with no combustion engine in the way accommodate seven people in a compact car footprint, and a loft-inspired interior features recycled materials and facilitates a high degree of potential customization. The truck pairs a 2+2-passenger extended cab with a full 6-foot bed in an overall length 21 inches shorter than today's smaller-box compact pickups. A slide-out floor extends the box length to 8 feet, and the barn-door-style tailgate includes fold-out panels to enclose the additional space. Portions of the box's tall walls fold down to provide workspace, and there's a storage frunk. Power outlets in the box and frunk can provide power at a campsite or on the job.
WHY IT MATTERS: The Southern California-based EV startup enjoys Chinese investment backing, and its founders cut their teeth at Faraday Future and BMW. The retail van and pickup are expected to pioneer a subscription-based ownership model while sales of the commercial delivery van keep the company's lights on. The compelling design, high degree of product standardization, and cost-saving innovations like selling a single exterior color with wraps that provide individuality seem to tilt the odds of long-term viability in Canoo's favor.
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