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USPS Flirts with Failure by Gambling on Canoo EVs — A Repeat of Hertz’s Tesla Misstep?

Canoo reaches agreement with U.S. Postal Service for purchase of electric vehicles. Postal Service will purchase six (6) right-hand drive versions of Lifestyle Delivery Vehicle 190.

Justin, TX – Canoo Inc. (NASDAQ: GOEV), a leading high-tech advanced mobility company, today announced the U.S. Postal Service will purchase six (6) battery-electric Canoo vehicles. The Postal Service will take delivery of these six right-hand drive versions of the LDV 190 in Q1 2024.

Canoo is honored to participate as one of the potential suppliers in the groundbreaking electrification and modernization of the U.S. Postal Service’s delivery fleet as announced by the USPS on January 22, 2024. This effort is part of the USPS’s $40 billion investment strategy to upgrade and improve the organization’s processing, transportation, and delivery networks.

The vehicles for USPS will leverage Canoo’s patented technologies to deliver enhanced functionality, safety, and ergonomics.

“The multi-purpose platform with steer-by-wire technology and a unique low-profile suspension system allows for a readily configurable right-hand drive system while maintaining desired roll and ride stability,” said Tony Aquila, Investor, Executive Chairman, and CEO of Canoo.

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, Oklahoma, and Michigan. For more information, visit www.canoo.com and investors.canoo.com.

This article was originally published on Canoo’s website.

About JC Landry

JC spent 15+ years as a certified Master Mechanic before trading the shop for the keyboard. He's worked across dealerships, owned and operated his own independent garage, and consulted on automotive trade school curricula, reviewing technical textbooks used in vocational programs. He now serves as Editor-in-Chief at eManualOnline.com, where he oversees the platform's technical content. He's one of the few voices in automotive publishing who has actually turned wrenches professionally on the vehicles he covers. He didn't learn automotive repair to write about it. He learned to write after spending over a decade doing it.

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