Canoo's Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of Oklahoma
GOEVCanoo (GOEV) GlobeNewswire News Room·2024-09-19 19:00

FTZ activation insulates Canoo from import tariffs and allows for deferments and exemptions as the company expands its global presenceThe approval of Canoo's FTZ allows other vendors and partners to relocate into Canoo’s user-driven site thereby broadening the benefits to Canoo and its partnersEffective immediately providing a 5% reduction in BOM costs for imported parts significantly improving margins JUSTIN, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) --  Canoo Inc. (NASDAQ: GOEV), a high-tech advanced mobilit ...