Canoo Unveils The American Bulldog | Press | Canoo | Electric Vehicles (2024)

Justin, TX – (November 10, 2023) – Canoo Technologies (NASDAQ: GOEV), a leading high-tech advanced mobility company, today introduced the American Bulldog.

This vehicle is a derivative of the Screaming Eagle that was delivered to the U.S. Army for extensive testing in 2022. The American Bulldog builds upon Canoo’s rapid product development and real-world testing.

A powerhouse of engineering, this vehicle sets a new mobility standard and reflects the grit and resolve of the American people. It combines striking design with world-class performance while emphasizing minimalism with maximum functionality for work, adventure, and service.


“Like the American Bulldog, this vehicle is loyal and courageous. It’s woven into the American spirit and reflects this country’s innovation," said Tony Aquila, Executive Chairman and CEO of Canoo. “When we say ‘Made in America,’ we mean it.”

On two wheels or four, this vehicle performs like a battleship. The vehicle’s strength comes from its honeycomb design. It’s strong and rigid but almost soars like an eagle through harmonized steer-by-wire and brake-by-wire systems.

Driven by Canoo’s continuous advanced technologies, this high-tech marvel is entirely different on the inside and on the outside. Most engineers wouldn’t believe what Canoo has achieved: this vehicle is a masterclass in form and function.

To believe what Canoo is doing, watch this video.

About Canoo

Canoo's mission is to bring EVs to Everyone. The company has developed breakthrough electric vehicles that are reinventing the automotive landscape with their pioneering technologies, unique design, and business model that spans multiple owners across the full lifecycle of the vehicle. Canoo designed a modular electric platform that is purpose-built to maximize the vehicle interior space and is customizable for all owners in the vehicle lifecycle, to support a wide range of business and consumer applications.

Canoo has teams in California, Texas, Michigan, Oklahoma, and Arkansas. For more information, please visit www.canoo.com. For Canoo press materials, including photos, please visit press.canoo.com. For investors, please visit investors.canoo.com.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, expectations and timing related to commercial product launches, and the achievement of operational milestones, including the ability to meet and/or accelerate anticipated production timelines, Canoo's ability to capitalize on commercial opportunities, current or anticipated customer orders, and expectations regarding the development of facilities. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Canoo’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circ*mstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circ*mstances are beyond the control of Canoo. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; Canoo’s ability to access future capital, via debt or equity markets, or other sources; the rollout of Canoo's business and the timing of expected business milestones and commercial launch; future market adoption of Canoo's offerings; risks related to Canoo's go-to-market strategy and manufacturing strategy; the effects of competition on Canoo's future business, and those factors discussed under the captions “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations" in Canoo's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 30, 2023, as well as its past and future Quarterly Reports on Form 10-Q and other filings with the SEC, copies of which may be obtained by visiting Canoo's Investors Relations website at investors.canoo.com or the SEC's website at www.sec.gov. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Canoo does not presently know or that Canoo currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Canoo’s expectations, plans, or forecasts of future events and views as of the date of this press release. Canoo anticipates that subsequent events and developments will cause Canoo’s assessments to change.

However, while Canoo may elect to update these forward-looking statements at some point in the future, Canoo specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Canoo’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Media Contacts:


Press@canoo.com

Canoo Unveils The American Bulldog | Press | Canoo | Electric Vehicles (2024)

FAQs

How much will the Canoo bulldog cost? ›

Pricing and Availability

Minimalist, two-seat Delivery examples are expected to start around $35,000 and the Canoo LV Premium will set buyers back approximately $50,000, with the Adventure model priced slightly higher.

How much does a Canoo cost? ›

How Much Will a Canoo EV Cost? Currently, Canoo is advertising base prices of about $35,000 for the LV and $33,000 for the MPDV.

When can you buy a Canoo? ›

Canoo has been accepting pre-orders for its electric truck since 2021, with an initial promise of "deliveries beginning as early as 2023." However, despite facing various financial issues and scandals, the company is still taking pre-orders in 2024.

Is Canoo a Chinese company? ›

Canoo Inc. is an American automotive company based in Torrance, California, that develops and manufactures electric vehicles. Canoo's research & development team is based in Michigan, in the Detroit region (Auburn Hills, Livonia), and production operations are in Justin, Texas.

Will Canoo survive? ›

Canoo Inc.

The company's existing cash resources and additional sources of liquidity are not enough to sustain planned operations for the upcoming 12 months. Canoo reported a net loss of $29 million and $302.6 million in the fourth quarter of 2023 and full-year 2023, respectively.

How fast is the Canoo charging? ›

Canoo says the 79.0-kWh battery provides over 200 miles of range, with a DC fast-charge at up to 150 kW bringing the battery from 20 percent to 80 percent in a claimed 32 minutes.

Where is the Canoo factory located? ›

Canoo's Oklahoma City facility currently employs more than 100 workers and will support as many as 1,100 good-paying manufacturing jobs at full capacity.

How many reservations does Canoo have? ›

Canoo raised about $250 million last year, has more than 67,000 vehicle reservations and plans to invest $200 million to double its manufacturing run rate to 40,000 vehicles a year.

What is special about Canoo? ›

The company has developed breakthrough Multi-Purpose Platforms and digital ecosystems that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans the full lifecycle of the vehicle.

Is it worth investing in Canoo? ›

Canoo has 141.55% upside potential, based on the analysts' average price target. Is GOEV a Buy, Sell or Hold? Canoo has a consensus rating of Moderate Buy which is based on 2 buy ratings, 1 hold ratings and 0 sell ratings.

Who are the competitors of Canoo? ›

Canoo Inc: Competitors
  • General Motors Co Headquarters. 163,000. $171.8B.
  • Tesla Inc Headquarters. 140,473. $96.8B.
  • Rivian Automotive Inc Headquarters. 16,790. $4.4B.
  • Nu Ride Inc Headquarters. 260. $2.3M.

What does Canoo stand for? ›

Canoo (formerly known as the Cultural Access Pass program) is a mobile app that helps new Canadian citizens and permanent residents celebrate their new journey in Canada by providing free admission to partners across the country.

Who is backing Canoo? ›

On October 6, 2021, an entity affiliated with AFV Partners LLC (“AFV”), which is led by Canoo's Chairman and Chief Executive Officer Tony Aquila, entered into an agreement to purchase 53.6 million shares of Canoo common stock beneficially owned by DD Global at a price of $6.53 per share, reflecting a 10 percent ...

Is Apple working with Canoo? ›

Apple held talks with electric vehicle company Canoo in early 2020, but talks ultimately did not move forward.

What is the future of Canoo? ›

Based on 3 Wall Street analysts offering 12 month price targets for Canoo in the last 3 months. The average price target is $5.00 with a high forecast of $7.00 and a low forecast of $3.00. The average price target represents a 148.76% change from the last price of $2.01.

What is the rarest bulldog in the world? ›

Campeiro bulldogs have a wide strong muzzle that characterizes their adorable face. This dog is so rare because for the longest time only a few existed, all working on rustic farms around slaughterhouses in the mountains of Brazil.

What is the cost of 1 bulldog? ›

The initial costs of an English bulldog is around $1500-$2000, French Bulldog is around $2500, and an American bulldog is around $1200-$1500. Adding in one-time and monthly costs, medical, grooming, and food costs, you can expect to spend around $15,000-$18,000 over the lifetime of your Bulldog.

How big is the Canoo American bulldog? ›

The truck is 201 inches long, with a 9.2-inch ground clearance and 31.5-inch wading depth. It appears to omit the military version's Kevlar, though.

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