The Downfall of Canoo and Why EV Startups Can’t Catch a Break

From FutureAZA.

Links from today’s show:
Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding.

Canoo furloughs workers and idles factory as it scrapes for cash

The troubled electric vehicle (EV) startup Canoo has seen its official website go fully offline, now redirecting all visitors to a third-party-managed investor relations page.

Canoo’s Website Goes Fully Offline, Redirects to Investor Relations Page

Former employee: Canoo never built vehicles in Oklahoma, most employees never moved to Oklahoma
https://kfor.com/news/local/former-employee-canoo-never-built-vehicles-in-oklahoma-most-employees-never-moved-to-oklahoma/

My video with a walkaround of the Canoo – EV Cars you’ll NEVER get to drive

Very incomplete list of defunct car brands in China
https://www.carlogos.org/chinese-car-brands/

A slightly less incomplete list of defunct car brands in China
https://en.wikipedia.org/wiki/Category:Defunct_motor_vehicle_manufacturers_of_China

A more complete list of current and former (aka defunct) car brands in China
https://en.wikipedia.org/wiki/List_of_automobile_manufacturers_of_China#Former_manufacturers/brands

BMW reportedly canned planned electric sports car with almost 1,000 kW. A BMW team had allegedly been working on a purely electric super sports car. A clay model was ready to go, but the Board of Management shelved the project due to doubts about its profitability and technical feasibility.
https://www.electrive.com/2024/12/19/bmw-reportedly-planned-electric-sports-car-with-almost-1000-kw/

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