Canoo (GOEV) Small-Cap Growth Virtual Investor Conference summary

Strategic repositioning and market focus

• Shifted from consumer to commercial and government EV markets, anticipating higher profitability and less competition.

• Emphasizes strong fleet and government demand, with robust residual values and competitive pricing versus ICE.

• Focused on total cost of ownership and ESG benefits for commercial clients.

• Commercial and government customers include NASA, U.S. Army, and USPS, validating product performance.

• International expansion planned, leveraging modular platform and Foreign Trade Zone benefits.

Technology and product development

• Developed proprietary MPP1 platform with steer-by-wire technology, maximizing flexibility and reducing part count.

• Platform supports multiple vehicle types, including delivery vans, pickup trucks, and lifestyle vehicles.

• Battery system uses Panasonic 2170 cells, with in-house design and manufacturing.

• Over $1.6 billion invested in technology and production capabilities.

• 90% of raw materials sourced from U.S. and allied nations, reducing geopolitical risk.

Manufacturing and operational progress

• Oklahoma City facility serves as main assembly site, with ongoing automation and supply chain harmonization.

• Acquired advanced robotics and automation equipment from Arrival at attractive prices.

• Pryor facility manufactures proprietary battery modules, supporting vertical integration.

• Production ramp is gradual, prioritizing system readiness and supplier optimization over unit volume.

• LDV 130 and 190 models are fully certified in the U.S., with customer production orders underway.