Larger vehicle offers 30 percent more space and 21 percent
greater payload capacity.
JUSTIN,
Texas, Aug. 14, 2023 /PRNewswire/ -- Canoo
Technologies (NASDAQ: GOEV), an advanced mobility company,
announced today that it is launching its new Lifestyle Delivery
Vehicle (LDV) 190, which expands the company's line-up into the
Class 2 electric cargo van segment.
"This newest vehicle offers even greater space and flexibility
for fleet owners with the same unique technologically advanced
performance of our original LDV 130," says Tony Aquila, Chairman
and CEO, Canoo. "As we build out our family of vehicles over
time, we expect to continue to bring forward models and options
that improve safety, reliability, performance and are zero
emission."
The LDV 190 shares the same Multi-Purpose Platform (MPP) as the
LDV 130 but has a more beefed-up suspension system to handle the
increased payload of Class 2 vehicles. Drivers will notice it
features the same dynamic handling and performance as the LDV 130,
courtesy of Canoo's patented steering by wire system.
Despite its increased payload load capacity and body length, the
wheelbase and low center of gravity is maintained from the LDV 130.
This ensures predictable driving behavior at all speeds while
maintaining maneuverability at slow speeds and in urban areas.
The LDV 190 also features a unique and patent-pending
interchangeable rear cargo cartridge offering customer the ability
to change between barn door, tambour door and a split tailgate
configuration that incorporates a loading ramp. Customers will have
the choice of dual 50/50 barn doors with 270-degree hinges that
fold backwards against the body and provide ease of cargo access
and easier loading of large objects.
An optional step bumper proves protection and additional access
to the rear cargo area. The cargo area has been enlarged to 172
cubic feet of space behind the standard bulkhead, with more cargo
room available in the front cabin on the optional single seat
version.
Based on increased cargo volume in LDV 190, additional light
emitting diode (LED) lighting provides visibility for all
conditions. The vehicle also features optional composite
translucent roof panels which allow more natural light in the cargo
area during the day. Cargo density, access, and organization is
maximized with available shelving systems, storage bins, and a
unique sliding cargo floor with a 1000-pound working capacity.
The LDV 190 and its increased size and capability fits between
the already successful LDV 130 and the forthcoming larger Canoo
MPDV. Like all Canoo fleet vehicles, the unique purpose-built
platform design of the LDV 190 offers maximum cargo density,
enhanced safety, driver comfort, yet maintains the smallest
footprint and the longest EV range in the Class 2 segment.
The company says it is making progress on achieving a production
readiness level of 20,000 vehicles per year by the end of
2023. It is building a vehicle assembly plant in Oklahoma City and a battery plant in
Pryor, OK.
About Canoo
Canoo's mission is to bring EVs to Everyone. The company has
developed breakthrough electric vehicles that are reinventing the
automotive landscape with their pioneering technologies, unique
design, and business model that spans multiple owners across the
full lifecycle of the vehicle. Canoo designed a modular electric
platform that is purpose-built to maximize the vehicle interior
space and is customizable for all owners in the vehicle lifecycle,
to support a wide range of business and consumer applications.
Canoo has teams in California,
Texas, Michigan, Oklahoma, and Arkansas. For more information, please visit
www.canoo.com. For Canoo press materials, including photos,
please visit press.canoo.com. For investors, please visit
www.investors.canoo.com.
Forward-Looking Statements
The information in this press release includes "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
Forward- looking statements may be identified by the use of words
such as "estimate," "plan," "project," "forecast," "intend,"
"will," "expect," "anticipate," "believe," "seek," "target" or
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of financial and
performance metrics, expectations and timing related to commercial
product launches and the achievement of operational milestones,
including the ability to meet and/or accelerate anticipated
production timelines, Canoo's ability to capitalize on commercial
opportunities, current or anticipated customer orders, and
expectations regarding the development of facilities. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of Canoo's management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of Canoo. These
forward-looking statements are subject to a number of risks and
uncertainties, including changes in domestic and foreign business,
market, financial, political and legal conditions; Canoo's ability
to access future capital, via debt or equity markets, or other
sources; the rollout of Canoo's business and the timing of expected
business milestones and commercial launch; future market adoption
of Canoo's offerings; risks related to Canoo's go-to-market
strategy and manufacturing strategy; the effects of competition on
Canoo's future business, and those factors discussed under the
captions "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in Canoo's Annual
Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the U.S. Securities
and Exchange Commission (the "SEC") on March
1, 2022, as well as its past and future Quarterly Reports on
Form 10-Q and other filings with the SEC, copies of which may be
obtained by visiting Canoo's Investors Relations website at
investors.canoo.com or the SEC's website at www.sec.gov. If any of
these risks materialize or our assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
Canoo does not presently know or that Canoo currently believes are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect Canoo's expectations, plans or
forecasts of future events and views as of the date of this press
release. Canoo anticipates that subsequent events and developments
will cause Canoo's assessments to change.
However, while Canoo may elect to update these forward-looking
statements at some point in the future, Canoo specifically
disclaims any obligation to do so. These forward-looking statements
should not be relied upon as representing Canoo's assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
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SOURCE Canoo