Canoo To Build Battery Manufacturing Facility In Oklahoma
In this article (5)
Electric vehicle startup Canoo Inc said on Wednesday it would build a battery manufacturing facility at Pryor in Oklahoma with a capacity of 3,200 Megawatt hours production.
The company’s Pryor facility will make proprietary battery modules, energy management system and thermal control technology, CEO and Chairman Tony Aquila said.
Canoo added it will be the first electric vehicle company to produce battery modules using hydro-power from the Grand River Dam Authority.
The company’s new battery manufacturing facility will be in the same industrial park as its future “MegaMicro” factory, Canoo said.
Canoo last year announced Panasonic Holdings Corp, which also supplies battery cells to Tesla Inc, will be its provider for manufacturing battery packs.
The EV startup, which is set to report third-quarter results on Nov. 9, had access to about $250 million in capital at the end of the second quarter.
Questions & Answers
Q.What is the planned production capacity of Canoo's new battery manufacturing facility?
What is the planned production capacity of Canoo's new battery manufacturing facility?
The facility is designed to have a production capacity of 3,200 Megawatt hours. It will produce proprietary battery modules, energy management systems, and thermal control technology for the company's electric vehicles.
Q.Where will Canoo's new battery manufacturing facility be located?
Where will Canoo's new battery manufacturing facility be located?
The battery manufacturing facility will be built at Pryor in Oklahoma. It will share an industrial park with the company's future “MegaMicro” factory, creating a centralised production hub.
Q.Which company will supply battery cells for Canoo's manufacturing process?
Which company will supply battery cells for Canoo's manufacturing process?
Panasonic Holdings Corp will be Canoo's provider for manufacturing battery packs. Panasonic also supplies battery cells to Tesla Inc, indicating a known supplier in the EV industry.
Q.How will the new battery modules be powered?
How will the new battery modules be powered?
Canoo stated it will be the first electric vehicle company to produce battery modules using hydro-power. This power will be sourced from the Grand River Dam Authority, highlighting a renewable energy approach.
Reader pulse
Does Canoo's battery strategy make sense?
16,816 votes so far