Sun. May 19th, 2024

Canoo delivers new electric mail vehicles to USPS center, major cost savings expected

May 16, 2024

READ FULL ARTICLE AT » www.okcfox.com

Electric vehicle company Canoo announced its USPS fleet of cars, the LDV190, has been delivered and is transporting mail.

“We are proud that our LDV190 vehicles have been delivered to the USPS South Atlanta Sorting and Delivery Center and are already delivering mail. These vehicles speak to the differentiation of our model where we deliver unique customized configurations to meet the needs of our large fleet customers and their associates,” said Tony Aquila, Investor, Executive Chairman and CEO of Canoo. “We continue to execute on our strategy of acquiring deeply discounted long-lead time assets as we prepare for step level manufacturing.”

Canoo reported in the first quarter that the Oklahoma City Manufacturing Facility was designated as a Foreign Trade Zone, which will open up international expansion and deliver up to $70 million in estimated vehicle cost savings and duty deferrals in 2024 and 2025.

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