Canoo Created Over 100 Jobs in State of Oklahoma to Scale Electric Vehicle Manufacturing

| January 17, 2024

Growing workforce will support customer deliveries of 18,000 committed orders representing $750 million in revenue

Canoo Inc. (NASDAQ: GOEV), a leading high-tech advanced mobility company, announced the company has created over 100 new jobs in the state of Oklahoma and achieved a key hiring milestone. The state is now home to 20% of Canoo’s total workforce.

As Canoo scales manufacturing to make additional customer deliveries in 2024, the company is continuing to build the team of skilled workers at both its Oklahoma City vehicle manufacturing facility and also at its battery module assembly facility in Pryor. This announcement follows Canoo’s recent acquisition of manufacturing assets to increase its vehicle assembly capacity.

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 over 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.

“With our manufacturing hub established in Oklahoma, we are able to build our team by bringing onboard the dedicated and hard-working people of Oklahoma who have experience in manufacturing,” said Tony Aquila, Investor, Executive Chairman, and CEO of Canoo. “We are creating high-paying jobs and building a world-class manufacturing team that will play a critical role in the revenue-generating phase of our growth.”

Canoo’s Oklahoma City manufacturing workforce is earning annual wages about 37% above the local average for similar roles in the Oklahoma City 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.

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