Date: February 22, 2022

Canoo: GOEV (NASDAQ)

Contact: Connor Silva, Head of Investor Relations
Phone: (978)-500-4286
Email: cosilva@syr.edu

About Canoo:

● Canoo is an electric vehicle manufacturer with the goal of bringing EVs to everyone.

● They are reinventing the automotive landscape with bold innovations in design,

pioneering technologies and building lifestyle automobiles for everyone.

● Canoo has offices in California and Texas, Michigan and Minnesota.

Opening of New Production Facilities in the United States

● Canoo will begin manufacturing at its advanced industrialization facility planned for

Northwest Arkansas.

● In addition they are on target to bring online its Mega Micro factory in Pryor, Oklahoma

in late 2023.

Production Targets

● 2022 guidance: 3,000-6,000 from 500-1,000 Units

● 2023 guidance: 14,000 – 17,000 from 15,000 Units

● 2024 target: 40,000 – 50,000 Units

● 2025 target: 70,000 – 80,000 Units