U.S. Postal Service to buy 6 Canoo vans

A Canoo Lifestyles vehicle takes sharp turns around building poles, Friday, May 20, 2022 at the Canoo car manufacturing plant in Bentonville. Canoo, the electric car maker planning on headquartering in Bentonville, showed off its new Lifestyles vehicle in Bentonville. Check out nwaonline.com/220521Daily/ and nwadg.com/photos for a photo gallery...(NWA Democrat-Gazette/Charlie Kaijo)
A Canoo Lifestyles vehicle takes sharp turns around building poles, Friday, May 20, 2022 at the Canoo car manufacturing plant in Bentonville. Canoo, the electric car maker planning on headquartering in Bentonville, showed off its new Lifestyles vehicle in Bentonville. Check out nwaonline.com/220521Daily/ and nwadg.com/photos for a photo gallery...(NWA Democrat-Gazette/Charlie Kaijo)

Electric vehicle maker Canoo Inc. said Wednesday the U.S. Postal Service will purchase six of its vehicles.

The company which has manufacturing operations in Oklahoma said it will deliver the right-hand drive LDV 190 models sometime in the first quarter. The move by the Post Office is part of a $40 million plan that targets improving the Postal Service's delivery systems along with other upgrades, according to a news release.

Canoo said recently it delivered an unspecified number of vehicles to Utah-based Kingbee Vans -- a work-ready van rental company. Canoo also has delivered three vehicles to the State of Oklahoma. Canoo has said it has an order book valued at more than $3 billion, with large scale customers that include Walmart and Kingbee.

Canoo has yet to post a profitable quarter or meaningful revenue and has been burning through cash as it tries to bring its vehicles to market at scale.

Shares of Canoo closed at 16 cents, down less than a cent or about 3% in trading Wednesday on the Nasdaq CM exchange.


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