Technology

This EV startup has plans to construct battery manufacturing plant in Oklahoma


This EV startup has plans to build battery manufacturing plant in Oklahoma

Electrical car startup Canoo Inc mentioned it will construct a battery manufacturing facility at Pryor, Oklahoma with a capability of 320 megawatt hours of manufacturing.

The corporate’s Pryor facility will make proprietary battery modules, power administration methods, and thermal management know-how, CEO and Chairman Tony Aquila mentioned.

Canoo mentioned will probably be the primary electrical car firm to supply battery modules utilizing hydropower from the Grand River Dam Authority.

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The corporate’s new battery manufacturing facility can be in the identical industrial park as its future “MegaMicro” manufacturing facility, Canoo mentioned.

Canoo introduced final 12 months that Panasonic Holdings Corp., which additionally provides battery cells to Tesla Inc., can be its supplier for manufacturing battery packs.

The EV startup, which is ready to report third-quarter outcomes on Nov. 9, had entry to about $250 million in capital on the finish of the second quarter.

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