GOEV Stock Alert: Canoo Announces Expansion Into Saudi Arabia
GOEVCanoo (GOEV) InvestorPlace·2024-04-02 21:44

Canoo (NASDAQ:GOEV) stock is on the move Tuesday after the electric vehicle (EV) company announced its expansion into Saudi Arabia with commercial vehicle sales. According to a press release from Canoo, this expansion is due to a deal with paint manufacturer Jazeera Paints. The company is purchasing 20 of Canoo’s EVs to add to its fleet. The deal also allows it to purchase another 180 units. Canoo notes that this agreement will see Jazeera Paints acquire LDV 130 and LDV 190 delivery vehicles for its fleet. ...