How American EV company Canoo was saved from bankruptcy just in time
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- เผยแพร่เมื่อ 15 ส.ค. 2023
- How American EV company Canoo was saved from bankruptcy just in time
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#canoo #bankruptcy #canoopickup #canooevs #evs #evnews
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Just like Aptera, Canoo has fantastic original designs & prototypes. But will it ever scale enough to produce at a profit? I really hope so.
I think they would do well as a niche brand ! Kind of like Volvo. Selling maybe 700k units yearly be a small company. Not everyone needs to be massive !
@@FlyingArtz.exactly, these companies don’t need to be big like Tesla, just big enough for legacy automakers to partner with them to make more money.
I wanna get a aptera and a canoo, thinking outside the box can get you access to that market. Honestly I believe that aptera and canoo could become supply chain company. Working with companies to make there evs with good build materials.
Aptera is a ten speed with a tear drop cabin. I think they are not comparable
@@3_Klos1122 aptera isn't a 10 speed due to it being electric, it's one speed so STFU
I live in Oklahoma City where Canoo has one of their manufacturing plants. I feel like I have a vested interest in them doing well. I also like their design philosophy. I'll be in the market for my first BEV in a year or two, so....Go Canoo!
yea don't hold your breath, its vaporware
I work for an energy assessment office that was sent out to the OKC plant to perform an energy audit. They are doing great with bringing that place back up-to-date and working on their assembly line and processes there. Got to see their newest electric truck prototype, and I would love to share details about it but I'm under NDA. All I can say is that, as a mechanical engineering student that is very critical on the overhyping of EVs, I am actually wanting their truck. It has actual utility to it and it's not a boxy dressed-up mess, that is the Cybertruck, or other EV trucks like it.
Also, I can tell that their employees are treated very well by the company there.
I am an Korean. I like canoo vehicles so much especially future oriented practical designs. Though hearing some bad news about the company regarding the lack of capitals, I hope I could buy one someday here in South Korea too.
I can see their designs being appreciated in the RoK and Japan. And their small vans might be quite useful in Seoul and Tokyo as delivery vehicles -- they are a good size for those cities.
They originally had a partnership with Hyundai that was promising for a time regarding co-development of the skateboard platform, unfortunately it failed. It's one of my larger looming concerns about Canoo, but they have been successfully building individual models so I'm hopeful they find success.
The Canoo pickup and van designs look like fleet work EVs from the future. They appear to have better visibility which makes them easier to drive than any ICE pickup or van.
yes, but in the future driving may be optional, or not.
@@jonahbert111Better views for the passengers I guess especially in tourist areas.
@@jonahbert111 Canoo is all drive-by-wire and they just partnered with Google Cloud. They seem to be well positioned for autonomous future.
@@jonahbert111 nah
Agree. Visibility is still an important problem because autonomous driving is still not trusted by a lot of people. And once it is the gift to payload is to stop wasting space anyway.
I want Canoo to succeed. I will buy that truck. I had a deposit on the truck, then pulled it to invest in the stock instead of letting money sit idling without purpose.
Canoo is truley a innovative company with a lof of potential. Billions in pipeline orders (Walmart, Kngbee, Zeeba and more) and growing. Main hurdle now is cash and production to get everything rolling. Hard times with inflation, interest rates rising, credit cards and housing markets on the edge of possible major correction which makes it hard to gain investors. Hopefully some big $$ investors can help get this company over the hump and start to fulfill their fleet orders.
I hope Canoo succeeds, it can only get better for them if they keep finding support, and who knows maybe one day every Walmart in America will use them for deliveries cha ching!
I would love a camper version of Canoo!
Performance based payouts over 10 years isn’t the same as an influx of cash. I love Canó’s prototypes. It would be smart if one of the Japanese companies that is a laggard on EVs purchased the company.
Buying Canoo would be a very smart move. Hopefully, it will stay domestic by investors who share the same vision.
Japanese firms want hydrogen and hybrids. That will relegate Canoo as a third wheel.
Their chief designer took off about a year ago, they could just hire him. Alot of the investors wish Apple would buy this design as well, but in order for them to sell the company they need management to maneuver the company into something that doesn't just burn 1 billion dollars of cash and have nothing rolling off the production line. Agree design is nice, but look at the headlights on the Hyundai Ioniq. lol. The Japanese can get whatever design elements they want from this company, those headlights are a good indication - they look just like canoo LDV
@@TurnerRentzDo you think that Hyundai, Kia or Genesis are Japanese? Or did I got your comment wrong? If you have any idea of design and car companies let me say that those three brands are Korean. But Americans neither know the difference between Sweden and Switzerland 🇨🇭 😂
I fell in love with the Canoo pickup as soon as I saw it and placed a deposit on a Canoo pickup and van as soon as they went live.The Canoo pickup is very unique and I love the styling and steer by wire technology. I’m so gun ho about the Canoo pickup that I will cancel my day 2 Cybertruck reservation if it goes into production.
My Toyota Tacoma turns 20 this year so have been eyeing up the electric offerings. The Canoo truck looks awesome and would get one in a heartbeat if they become available.
Canoo is doing its best to navigate the bureaucratic maze and jump through all the hoops. I hope investors can see the big picture and stand behind the company. Glad to hear the Cherokee Nation is participating and its tribal members will receive secure employment.
Selling a van makes a lot of sense. Currently no other EV company has a monopoly on that market.
I have Zero 0 interest in a EV / AV Anxiety Vehicle.
Neat vehicles. Hope the company pulls through.
I love Canoo and hope they sur thrive! I am surprised they did not make a deal with Foxconn or some other EV manufacturer with excess capacity to make their first gen vehicles for them. They could then generate some profit and provide proof of concept to the buying public before investing in battery factories and manufacturing facilities that are very capitol intensive for a start up. I could see Apple, Google or another tech company that wish to enter the EV space interested in buying them out at some point as Canoo has created a unique and innovative EV platform IMO.
I do not love Canoo, but only because in my view it's a mismanaged company.
Apple making an EV with Honda? I thought they were. Maybe not anymore?
@@TurnerRentz Terribly so. They Play to the whims of potential customers and investors. and pivot entire. operations on a dime. Texas, Arkansas, now Oklahoma. It would abandon everything and move back to California where in a second if somebody would just hand them some real cash, and want the to move again. This company does one thiing as good as anybody out there except Carvana and NASA. It certainly can spend some serious money.
I became interested in Canoo after seeing the video with Sandy Munro. I don't know what to make of Munro nowadays. He seems to have become a Cybertruck influencer.
I bought shares (with gambling money) all the way down to $0.19, and recently, thinking maybe Canoo will survive, maybe.
Not encouraged by SEC action.
Not convinced about U-shaped seating in passenger car. Seems dangerous to be thrown sideways in an accident.
In the configuration I have in mind, I love the Canoo van/recreational vehicle.
I should probably state that I love the Honda Element a lot.
It has been very useful generally, and great for travel.
I love the design! Hope they work things out
Reminds me of the 1950 VW Type 2 Pickup.
i would buy this vehicle in a hearbeat , my greatest disappointment is that in this age of advancing technology and fly by wires systems that the automotive industry is still building left and right hand drive specific systems. It cannot be that difficult , surely, and the potential efficiency of 1 assembly line and 1 global market cannot be denied.
I think that is the beauty of the canoo's simple plug-in steers bar mount system. In a Sandy Munro video, apparently, that is very simple to do. You can even put it in the centre. Simply flip it over and move the foot pedals unit.
Of all of the prototype van/truck vehicles I've seen in the past several years, the Canoo is the most appealing to me. I think that the van and pickup truck versions have the potential to beat out the ID Buzz in reviving the concept of the VW microbus of a previous age. Wishing the company luck!
Agreed!!! The space utilization in the lifestyle van FAR exceeds that of the Buzz.
The double cab truck looks a lot like my VW Doka from 1985. I like it more than any electric vehicle I have ever seen!!!!
Really like the Canoo minivan. If that can come to market for customers would be amazing.
Thank you for the timely video on Canoo. I was just watching Sandy Monroe video demoing the Canoo vehicle with its CEO and came away very impressed. Your video is very informative with major events leading up to the present. Want to ask if you or anyone here are looking to invest in this company.
Great little company! I am buying their shares at this ridiculous low price of 25 cents!!!
I really love Canoos designs and its vehicles are priced way lower than competition. Ive pre-ordered my Canoo pickup truck today. 🎉🎉🎉🎉
This is a great small van/RV/Pick up and hope it survives to market.
I'd love to have one of those quirky pickups! Unique and practical! Hope they finally get into production.
canoo is super cool, and the loading thru the front feature is nice too, very useful
I dig the extended cab pick up truck and I’ve been buying the dip so my fingers are crossed
I like them hope they do well!!!
The canoo pickup is cool because it has a nice bed with a small truck. If it has a 10,000lbs tow capacity it will sell very well.
Yep, I’m intrigued by the design, especially the cab over and versatile bed!
If the van tows 10,000lbs and has 4 wheel drive, that puts it in a very small ( expensive) group even of ice vehicles.
Checking, it is rated to 9,500 lbs.
in parts of factory tour videos I saw them mention 600 HP for the engine.
@@hackmedia7755 The engine is likely not going to be the weak link in the chain for towing, but the frame.
I have one on order so I hope they survive and are able to start selling to the general public.
Very interesting report - thank you Sam ! Especially the OK part . Did you know the official state motto of Oklahoma is "Labor Omnia Vincit" (Latin for "Work Conquers All").
I LOVE the PU Truck design - wish it had the front window like the Lifestyle van though.
I think they are one of the most promising companies in the world.
I currently have a reservation in for the pickup and have purchased shares in the enterprise. I think as soon as the public sees these on the road they can create a following. Many folks like myself don't really want a big truck.
Tesla needs competition. Rivian is one competitor but we need more. Hopefully Canoo and Lucid Air will succeed.
Lucid is far gone without actionable plans to scale.
Nope. Sorry. I have Zero 0 interest in a EV / AV Anxiety Vehicle.
@@zoobrizz I get your sentiment. Apparently, new battery tech is around the corner that will give EVs 1,000 miles of range. If true, this will drive a death knell in ICE cars. Of course, software and now monthly subscriptions are huge problems with EVs, but imagine taking a 1985 Toyota Tercel, tearing out the engine, and putting in a battery in its place. No software updates, no computers. A pure analog driving experience. I think this will be great. Customizers will flourish. This could be great for the automotive industry.
Lucid and Canoo are not competing against Tesla. Tesla competition is BYD, and then VW/Ford/GM/Volvo
I actually hope that Canoo makes it too. I believe if they can make it to production and sell to fleets they will have enough cash flow to have a much greater probability of succeeding.
I really hope so we need more people like them than the regular car. Companies that don't make vehicles for regular people anymore they don't really care about us
If Canoo can keep its designers and maintain innovation and quality control in a niche market they may survive.
I like it... it is quirky, but cool. Also, as great as it is that EVs like Tesla are very fast, we need more responsible vehicles, especially around cities. As nice as it is driving an EV that can do a 9 second 1/4 mile vehicle with a zero to 100 of 2.5 seconds, if one just needs to get around, a 12 second 1/4 mile vehicle with zero to 100 of 10 seconds is just fine... especially if the resulting range can be equal to the faster unit, but from a battery half the size. I would enjoy driving a Canoo, I reckon
I saw a Sandy Munro review of Canoo. It was stunning and hardly underpowered. I'd have one in a heartbeat.
If yourt looking for performance, don't look at Canoo. Canoo is a utility vehicle, not a Racer.
@@rozonoemi9374 Sure, except there is a dual motor version with 600 hp. If ever it makes production, it will be pretty quick. Sandy Munro has done a review. He was impressed.
No one has to drive that quickly in traffic. Power comes into its own in rural driving, especially on Australia's lousy roads and worse drivers.
That is still vapouware for now, but Yes I love Canoo!@@peterinns5136
I like the looks of the minivan or "Lifestyle" vehicles--seven passenger. They are funky cool! I would consider them, once the company gets a sounder funding/sales base.
Love the Canoo design. Really wanted them to survive.
Yeah, this is the only EV I've seen that I really want to buy.
I did too but their management team seems to be .. how does one put it tactfully... of questionable integrity and less than quality needed to move a company that burned through one billion dollars and still makes excuses for why there are no real start of production numbers.
@@MrFuckwit999 There’s others I would consider if Canoo wasn’t available but it’s definitely my first choice.
@@TurnerRentz Yes, good point. That also, unfortunately, makes one question the quality of the product.
It's weird, but I Friggin love it. The only other new one to excite me is the Fisker Alaska pickup. I want to drive them both to see for myself how they do.
I am not sure why Hyundai doesn't double up on investment and lend their engineers to help them ramp production up.
I bought a buttload of Canoo stock a couple of years ago. This is what happens when you invest with your heart (I love their vehicles) instead of your head. I hope they survive. I would love to own one.
I'm in Atlanta GA and would buy a Canoo van today if it were available. Maker mine green or blue.
I sat in one at a San Diego ev show. I was very impressed. I went to see the Aptera also very impressive. We drove to it in my model 3. we live in northern California. Yeh for camp mode!
I put my pre-order in last month. I cannot wait to get my hands on one of these!
I like the army version of the Canoo pickup. It’s compact size and expands bed are really interesting. I also like it’s sorta cab forward design. I do not expect it to have much hard core off road capability like a wrangler, but if it’s reasonably capable like a Subaru Outback, than its great for me. I hope to see it actuality produce vehicles and make it to market.
I really hope canoo succeed as I think they would have a great market in Europe with this type of vehicle
A valuable piece of information, thanks
Thank you! Very informative.
Looks like the Volkswagen Vanagon Pickup (DoKa) . I like the design. I hope the battery can function in extreme cold and they can improve the range. Just purchased a few shares.. $GOEV
That moment when you realize Electric Viking used your Canoo footage from Washington DC extensively in his video. I'm famous mom!
Good luck to em.. seems like cool machine
I WANT TJAT PICKUP TRUCK! I hope this company survives and thrives. Their designs are original, and attractive. That pickup is awesome! It’s like a platform designed for the aftermarket accessory industry. I can imagine a cult following will develop with all kinds of aftermarket stuff for people add on.
Great video! bought a few shares because I think their stock prices are undervalue for such a great innovation.
I Love Canoo and I'm betting they will make it (I'm invested). I only know Canoo under Tony's management and I think he will make this a very successful company. He is focused on fleets first where they have over 3 billion $ of binding orders. Also the SEC fine is old news and has been paid and was from prior management. With the SEC overhang gone this means that Canoo now is able to qualify for more funding. If they can get into production this year with a 20k run rate as projected the story will change.
If they can get a 20k run rate, yes. But otherwise. Disagree.
THANKS SAM, ℹ LOVE ❤️ THE VEHICLE , AND WE HOPE THEY ARE VERY SUCCESSFUL 👍💚💚💚
Looks cool! Hope to see a dealership soon in my neighborhood.
Succeed or fail, I can only hope they succeed, after all I am on the waiting list to purchase a pick-up.
I know, old post. But I'm rooting for them. It's a really flexible platform that makes the most use of space. Imagine a Prius being able to carry a4'×8' sheet of plywood. That's exactly what this thing will be able to do. It will be about as fast as a mid-90s pony car in the base configuration. Trust me, after years of driving Ford Transit Connect & Nissan NV200 micro vans, this thing is way better built with dramatically better visibility. This is a superior vehicle in so many ways from a functional aspect.
Canoo showed their prototype van at the 2021 LA Car show studying interior space utilization. Blank looks when asked about their future financing, business model at that time.
Nice video. Well done, thorough. I personally would buy the pick-up in a heartbeat if offered to the public. IF, Canoo can fulfill the commercial orders they have, especially Walmart because it is a household name, then, yes, I think they can succeed. If Walmart terminates its deal, I doubt Canoo will survive. I hope they make it. It's the most innovative design I've ever seen in a pick-up.
I been watching this company for the last 8 months and really hope there products make it to production.
Same. Been on my radar for 2 years. Only invested once, and it was a high maintenance investment - I got out with a little extra, but only because I almost had to day trade the mother. Not a very well managed company, at all. imo
Some investor driven companies are so focused on wooing investment they never succeed at producing a product. Hopefully this won’t be their fate.
I put my order in 2-3 months ago and have 15,000 stocks, can't wait for mine, looks like it will be before the cybertruck ever comes.
I don't know what's wrong with me but I love the Lifestyle Van! I know, it's crazy but there it is and I also love the pickup model as well. I toyed with the idea of investing with them but I find that without a definitive mission statement and conviction to go in one direction they need a compass. Canoo's Delivery vans, Lifestyle vans, the pickup and the Army pickup etc. are all diverging products with not much of a road map for profitability. I still love the vehicles but they are super niche looking and doubtful they will catch on with the buying public. They had a great digital model of a car body on the Lifestyle platform but I don't understand why they never produced a prototype. I really hope they survive!
Love the van! Hope they make it!
I love my Honda Element for being so versatile and practical and have been waiting for something similar in the EV space. The Canoo comes close. I’m taking a serious look at it.
MAN after my own thinking. Also have and love an Element. Nothing on the market comes close. This is the closest practical replacement. Hope they survive.
I invested 10K, and I wish them the best luck just because Cnoo is so unique from the future feeling
The scaled down size that retains the capacity of a 4x8 sheet of plywood is genius, but the challenge facing Canoo and all electric vehicles is the combination of raw materials, weather, and infrastructure. EVs don't pollute on the road, but there are serious environmental problems in securing the raw materials for the batteries and environmental problems for what to do with batteries at the end of their life cycle. Then there is the problem of both excessively hot and excessively cold weather. Hot weather uses up range with air conditioning and cold weather eats up range with both heating occupant space and diminished battery efficiency. On top of that, we still don't have adequate coverage for charging stations or the electricity production to support millions of EVs. And while statistics say ICE vehicles have more fires, the EV fires are so intense that many will continue to fear EV ownership until the EV fire issue is solved. I like the concept of EVs and if I were ready to own one, I would really like a Canoo. I hope they succeed, but even though the government is trying to ram EVs down our throats, I don't think it is realistic yet. What the industry needs is a battery with eco-friendly materials and a much lower risk of intense fires. It's also going to need a much larger capacity electricity grid, whether by nuclear or fossil fuels. (The current technology in renewable energy is just not adequate.) EVs would also benefit from quick exchange batteries. With batteries being a part of the structure of the vehicle, there is no real potential for a used EV market, but only a large pile of more junk cars as batteries fail.
We need companies like this with clean sheets of paper to bring us these great products!!!
I like them and the stock was so cheap I decided to gamble and buy some shares. I hope they are successful. Rick, WA state - USA
Good luck
best video and lot of data information...thanks.
Glad you liked it
The eastern band of the Cherokee nation is one of the wealthiest communities in America.
All roads to success are windy and full of surprises. I hope they make it with their ingenious design. We need new approaches to transportation.
I really hope they make it. Thank you for covering.
我也希望中
Got one on order.
A Canoo EV would be perfect for many right-hand drive countries. In fact, the 'mini-van' would be ideal as a mobile office for my architect practice.
The van is perfect for the Postal Service (can move the steering wheel to the other side)
Buy GOEV stock and stop window shopping! That's the best way to encourage and cheer them on. 🤑🤩👍
Every EV Truck in the USA is too large to fit in my garage comfortably... we NEED the Canoo EV pickup!!
FFS.. How can any company know it's future turnover.. Thank goodness that an angel investor has come along.. Its so necessary..
Canoo was showing/pioneering interior EV van space utilization at the LA car show in Nov 2021. They had no comment regarding investment or financial backing when asked.
I hope they succeed. I really like the vehicles.
I hope they succeed. Original thinking deserves success.
I just love the BrickMobile from the bottom to the top of my heart. If the money is right , ill buy one
Don’t know much about Canoo even tho I have seen it around on YT a good bit and they seem pretty popular. The pod design looks great. I do wish the exec profile did not worry investors but I get it. Lotta money poured into startups. It’s a nice looking vehicle. Would love to see and hear more about the vehicle itself.
I likelike the concept of the pickup as well as the overall look, spacey !
They look so good, I have been secretly rooting for them to succeed.
Same,just can't bring myself to invest in them.
I looove the design that Canoo brings to the market 😍 It's powerful and cool and I've heard the US military are also interested in acquiring special models from them. So good for them if that's true. I'd definitely consider buying one if they ever come to Norway 😃 ..I really hope they will build a camper van style car with solar panels 😍 Then it's "shut up and take my money"!
I hope they make it. Canoo is a practical vehicle and if priced right will have wide appeal.
I watched the original video introducing the pickup and liked it. The pickup has a compelling use case for small business, for contractors and as an adventure vehicle. If the company can produce its own batteries in may be able to sell the pickup at a price that will allow it to grow much bigger.
Looks amazing, appears to be able to do all the things I want a vehicle to do, would definitely get one if the price isn't insane. I'm a canooist!!!)))
I've always been impressed with their designs even though they are a bit "funky." I watched Sandy Munro check them out and he seemed to think they were very well made. They are using a similar steering wheel as the Cybertruck and also "drive-by-wire" technology in their latest iterations. They are making single and dual motor versions. They are also focused on a vehicle for troop transport that looks promising. They currently get their batteries from Panasonic but hope to start making their own soon. I love their truck concept and would buy one tomorrow if they priced it around $45,000. Hope they have great success with this new bunch of management folks.
Thanks so much Sam
You are so welcome!
I love the Canoo vehicles also, I really hope they stay in business. Go
Canoo
There designs really do have potential they could pull through but they need to work on getting product out the door and fleet sales should be there main objective early on I hope they make it.