Canoo finalizes purchase of Oklahoma City plant

Gov. Kevin Stitt gets behind the wheel for a test drive of a Canoo 7 passenger van during a display of the vehicles in August.

 

Electric vehicle manufacturer EV completed its purchase of a former Terex plant in Oklahoma City last week in a $34.27 million deal.

The Oklahoman reported the deal was formalized on Friday and Canoo leadership still contends it will begin production later this year.

The plant is located at 9528 W. Interstate 40 Service Road and was left empty when Terex moved operations to Mexico reported the newspaper.

Click here for The Oklahoman