Exhibit 99.1 CANOO INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2023 FINANCIAL RESULTS • 45% or $184.2 million Annual Adjusted EBITDA Improvement from $(408.6) million in 2022 to $(224.4) million in 2023 • 40% or $11.9 million Reduction in Capital Expenditures versus already reduced 2023 Second-Half Guidance • Secured USPS Agreement to Purchase Right Hand Drive LDV 190s • Started Commercial Fleet Customer Deliveries • Acquired Advanced Manufacturing Assets at Deep Discounts Reducing Anticipated Capital Exp ...