It's Monday, and shares of electric vehicle stocks are on the move again -- in opposite directions. As of 10:20 a.m. ET, shares of luxury EV maker Fisker (NYSE: FSR) are stomping the accelerator and racing 6.5% higher, while rival Canoo (NASDAQ: GOEV) is heading in the other direction -- down 6.5%. Meanwhile, VinFast Auto (NASDAQ: VFS) is winning the race to the bottom and rolling downhill 12.5%.
Canoo (NASDAQ: GOEV), a leading high-tech advanced mobility company, announced today that it has entered into a purchase agreement with a foreign strategic institutional investor, for an investment of $45 million. Canoo and the investor agreed to work together in good faith to negotiate one or more additional investments for up to $150 million. The closing and sale are expected to occur as promptly as practicable, subject to customary closing conditions.
Canoo Technologies (NASDAQ: GOEV) announced today that it has established an agreement with the Pawnee Nation, based in Pawnee, Oklahoma, to identify and nurture emerging business and job opportunities in Oklahoma's growing clean energy industry.