Canoo Inc Builds First Hydroelectric Battery Factory, 320 Megawatt Hours Capacity

JAKARTA - Electric vehicle startup Canoo Inc said on Wednesday November 2 that it will build a battery manufacturing facility at Pryor in Oklahoma with a production capacity of 320 Megawatt hours.

“We are accelerating our hiring plans at Pryor with the establishment of our EV Battery Module Manufacturing Facility, which will manufacture our proprietary battery modules, energy management systems, and thermal control technology for our MPP platform,” said Tony Aquila, Chairman and CEO at Canoo, in a statement. Reuters.

Canoo added that it will be the first electric vehicle company to produce battery modules using hydropower from the Grand River Dam Authority.

“This is the first building block for Canoo's production increase strategy, with more news coming soon. The location has been strategically chosen due to its proximity to our battery cell partner Panasonic and our future Mega-Micro factory. In addition, we will be the first EV company to manufacture our battery modules with Hydro-Power from the Grand River Dam Authority. We will work with and employ local communities to create an EV Ecosystem in the region,” added Aquila.

"The company's Pryor facility will manufacture proprietary battery modules, energy management systems and thermal control technologies," said CEO and Chairman Tony Aquila.

Canoo last year announced that Panasonic Holdings Corp., which also supplies battery cells to Tesla Inc., would be its provider for manufacturing battery packs.

The EV startup, which will report third-quarter results on November 9, had access to about $250 million in capital by the end of the second quarter.