Canoo Shares Gain on Deal with NASA to Build Electric Crew Transportation Vehicles
2022.04.13 20:46
Canoo (GOEV) Shares Gain on Deal with NASA to Build Electric Crew Transportation Vehicles
Canoo Inc (NASDAQ:GOEV), a manufacturer of passenger and commercial EVs, shares rose 2% after NASA selected the company to provide “Crew Transportation Vehicles (CTVs) for crewed Artemis lunar exploration launches.”
“We are honored to transport the Artemis crew to the launch site for the first human lunar landing in more than 50 years. The selection of our innovative technologies by NASA to take a diverse team of American astronauts to the moon showcases a great commitment to sustainable transportation,” said Canoo Investor, Chairman and CEO Tony Aquila. “As a high-tech mobility company, we are inspired by NASA’s pioneering and trailblazing spirit. Our customized vehicles are modular and upgradable throughout their lifecycle with a high level of recyclability at end of life. Canoo’s Made in America electric vehicles embody our nation’s ingenuity and bold determination to reclaim global technology leadership for America and its allied nations. We are proud to be a partner to NASA in one of the world’s greatest endeavors.”
Based on Canoo’s LV model, the Crew Transportation Vehicle must carry fully suited astronauts, flight support staff, and equipment to the launch site.
The CTVs will be manufactured at Canoo’s mega micro-factory at Pryor, Oklahoma.
The company also plans to launch commercial production of its EV lineup from the Bentonville, Arkansas, facility in late 2022.
By Michael Elkins
