Canoo buys OKC plant for $34.27 million as it prepares for electric vehicle manufacturing

SourceThe Oklahoman
Date Published04/07/2023
Author NameSteve Lackmeyer
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Canoo
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):34.27
City reshored to:Oklahoma City
State(s) reshored to:OK
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredvehicle assembly line
What domestic positive factors made reshoring more attractive?Government Incentives, Under-utilized capacity
Government Incentive dollar amount:8.5 million
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