Canoo moves to Walmarts hometown

EV startup Canoo is moving its headquarters from California to Walmart’s hometown of Bentonville, Arkansas — though it didn’t announce any deal with the retail giant. Canoo said it will open a new manufacturing facility in Bentonville but didn’t say much about what will be done there or who will build it. The startup also said Monday that it is moving up its timeline for making its first electric vehicles to “before Q4 2022.”

Canoo CEO Tony Aquila said it will use the Arkansas facility to make “vehicles for unique use cases” and accelerate its pre-production testing program. It still plans to build a factory outside Tulsa, Oklahoma, which it announced in June. Moving forward, Canoo said it will have parts of its R&D, software...

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