canoo

Two months after a Canoo co-founder and CEO resigned, the Torrance-based company is looking to bounce back with plans to build an Oklahoma manufacturing plant and clinching a European contract for its electric vans.

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After a string of funding problems that have delayed the release of its first car, Faraday Future announced Tuesday that production would start by July 2022 at an assembly plant in Central California.

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Electric vehicle startup Canoo is under investigation by the United States Securities and Exchange Commission for the SPAC deal that took it public last year, as well as recent company dealings and the departure of several key executives, according to filings dated Monday.

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