Los Angeles-based electric vehicle startup Canoo Inc will introduce an American-built pod-like electric pickup truck in the first quarter of 2023 and would begin taking pre-orders in the second quarter of 2021.
Canoo Executive Chairman Tony Aquila said the truck has the turning radius of a Prius, is the size of a Ford Ranger, and can take the payload of a full-sized pickup.
He added that they will build the rounded, snub-nosed truck in a US microfactory it intends to open.
The pickup will have up to 600 horsepower and an electric driving range of 300 miles or higher by the time the truck launches.
Canoo’s pickup will be aimed at both consumer and commercial customers.
According to Aquila, the pick-up has the potential to be a high-volume product that may require a small-scale, highly automated microfactory.
Canoo is in search of a potential site and will still use a contract manufacturer for its lower-volume vehicles.
The company has developed a low-rise platform, which bundles batteries and electric motors with chassis components as steering, brakes, and wheels, where various vehicle body types can be built.
AutoForecast Solutions estimates electric pickups to make up over one percent of North American pickup production in 2022, jumping to 5.7 percent in 2028.


Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model
Robinhood Expands Sports Event Contracts With Player Performance Wagers
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking.
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 



