Fast Technology reported on December 22 that it was reported that Canoo, a new car-building force in the United States, recently released an internal email stating that the remaining employees of the company were placed on “mandatory unpaid leave” and will last at least until the end of this year.
According to the content of the email, employees will be locked out of access to Canoo’s system after the end of work on Friday, which will last until the end of December.
, Before the release of the “Mandatory Unpaid Leave” email, Canoo had announced that it would lay off 100 people and temporarily suspend work.
It closed its assembly plant in Oklahoma.
The specific number of remaining employees after the layoffs has not yet been announced.
According to the financial information disclosed by the company in mid-November, its bank account balance was only US$700,000, and the company was in financial trouble.
At the same time, Canoo’s share price in the U.S. stock market has dropped to US$0.
086, with a total market value of US$8.
8995 million and is on the verge of delisting.
It is reported that Canoo was born in 2017 and its first model, Canoo, was released in 2019.
Due to its Chinese-funded background, it plans to enter the United States and China markets first.
The Canoo brand was formerly known as Evelozcity, and was founded by Stefan Krause and Ulrich Kran, two former executives of Faraday Future.
, Around 2017, the two had a disagreement with Jia Yueting, and then left to start this new company.
, and the founder of Canoo also has a certain relationship with BMW.
Both of them were former BMW executives.
the original goal of the Canoo brand was to make cute egg-shaped electric pickup trucks and pickup trucks.
Currently, the brand only has one product under its brand-Canoo EV.
The financial report shows that in 2023, the company sold 22 vehicles for the whole year, making a total profit of US$886,000.
However, the CEO’s expenditure on chartering private jets alone exceeded twice the company’s full-year profit.
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