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Why Canoo Shares Jumped Friday

Why Canoo Shares Jumped Friday

Specialty electric-vehicle (EV) maker Canoo (NASDAQ: GOEV) hasn't yet begun to produce and sell its lifestyle and multipurpose EVs, but it says it has strong demand for its products. Late yesterday, however, the company posted a tweet that suggested it has a new customer for its multipurpose delivery vehicle (MPDV). As of 12:05 p.m. ET on Friday, Canoo shares were still higher by 3.3%.