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A former high-level employee has cast doubt on Canoo's production capabilities, revealing that no vehicles have ever been manufactured in Oklahoma, despite significant state incentives aimed at establishing jobs and an assembly line. Initially slated to produce 120 jobs at its Oklahoma facility this year, the reality has drastically fallen short with the company reporting losses exceeding $300 million.

The Broader Context of EV Failures

The challenges facing Canoo are not isolated. The EV market as a whole is seeing a myriad of startups facing similar fates, particularly among Chinese brands. A comprehensive overview reveals that over 150 EV brands have already gone under, exemplifying the difficulties of making a mark in a fiercely competitive and capital-intensive industry.