Canoo Inc. Secures First Foreign-Trade Zone in Oklahoma, Boosting EV Production

Canoo Inc. (GOEV), the innovative electric vehicle company, has received approval for its Oklahoma City facility to become the first Foreign-Trade Zone (FTZ) in the state. This designation will provide significant benefits for Canoo, including reduced taxes and fees, streamlined logistics, and enhanced competitiveness in the global market. The FTZ will further solidify Canoo’s manufacturing presence in Oklahoma and support its ambitious growth plans for its lineup of electric lifestyle vehicles.

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