Saturday, September 13, 2025

Latest

EV Start-Up Canoo Jumps Nearly 14% Following Announcement of New Electric Pickup

Shares of Canoo, the US-based electric vehicle start-up, rose by as much as 14% during intraday trading on Thursday, after the company debuted plans for a new all-electric pickup truck.

The latest pickup truck model, which has yet to be named, has a rounded front end and is designed similar to the company’s electric van that was unveiled last year. According to Canoo, the truck will “be the most cab-forward and space efficient on the market, with massive cargo capacity on the smallest footprint possible.” Canoo, which made its public debut via a reverse merger with Hennessy Capital Acquisition Corp in late 2020, is the latest company to unveil plans for a fully-electric pickup model.

Although Canoo’s truck stands out with its unique design, the EV’s range is only 200 miles, which is lower than the Hummer pickup that boasts a range of over 350 miles, and Tesla’s Cybertruck, which varies in range between 250 miles and 500 miles.

So far, Tesla, GM, and Lordstown Motors are all slated to begin production of their electric pickup truck models before the end of this year, with Ford’s F-150 pickup slated for launch come 2022. Canoo’s pickup truck, on the other hand, will not be on the EV market until early 2023. In the meantime, Canoo has been focusing on developing an all-electric consumer and delivery van, but has stopped short of revealing further details surrounding production. The company does, however, have a partnership with Canadian based Magna International.


Information for this briefing was found via Canoo. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Marimaca Copper: The MOD Feasibility Study

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Giyani Metals: Are Unexplained Management Resignations A Red Flag?

Two of the four top executives at Giyani Metals Corp. (TSXV: EMM), a developer of...

Sunday, November 29, 2020, 01:37:00 PM

Canoo Reports Substantial Loss in 3Q 2021, Still Rallies

On November 15, Canoo Inc. (NASDAQ: GOEV), a start-up electric vehicle (EV) manufacturer, reported substantial...

Thursday, November 18, 2021, 03:39:00 PM

Eye-Popping 2021 Pay Packages Awarded To CEOs Of Start-Up EV Makers Is Tough To Swallow

The stocks of many start-up electric vehicle (EV) companies are difficult to analyze, value and...

Sunday, June 12, 2022, 09:00:00 AM

Mercedes-Benz Announces Major Commitment to Electric Vehicles, Continuing the Pattern of Other Automakers

Carmakers’ rapid pace of electrifying their vehicle offerings accelerated even further on July 22. On...

Saturday, July 24, 2021, 11:27:00 AM

General Motors Plans to Produce Only Zero-Emission Vehicles by 2035

Following California’s recently introduced legislation that will ban the sale of new combustion engine vehicles...

Thursday, January 28, 2021, 04:24:48 PM