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Canoo Inc., an electric vehicle maker in the process of moving its headquarters and some production facilities to Bentonville, has warned it may not be able to continue as a going concern unless it obtains enough funding.
Two more executives have left the company.
Canoo is a fairly small EV company that's aiming to begin production in 2022. To get to that goal, they've just announced a host of changes to the leadership team. They're also changing up their plan to produce vehicles overseas in favor of building them in Arkansas.
Gov. Kevin Stitt and Canoo Inc. CEO Tony Aquila shared slaps on the back and a hug as the crowd applauded when the electric vehicle startup announced it would build