EV startup Canoo has hired hundreds of employees and is homing in on a production date, but critical milestones including landing a battery supplier remain, according to the company’s second quarter earnings report.
Canoo’s earnings report comes just a few weeks after the company’s first investor relations day when it named Dutch company VDL Nedcar as its contract manufacturing partner for its lifestyle vehicle. At the time, Canoo estimated the Nedcar facility would build up to 1,000 units in 2022 for U.S. and European markets, with a target of 15,000 units in 2023. During Monday’s earnings call, CEO Tony Aquila said the company is now expecting 25,000 units in