US EV manufacturer Canoo reports smaller losses in quarter
TORRANCE, California: Due to lower research and development costs, US electric vehicle (EV) maker Canoo posted a smaller-than-expected quarterly loss.
The company also announced the launch of its new lifestyle delivery vehicle, named "190," which features a higher payload capacity and body length compared with its original model, the "130."
Refinitiv data showed that Canoo's loss narrowed to $70.9 million