RTTNews | Nov 17, 2021 10:06AM EST

10:05 Wednesday, November 17, 2021 (RTTNews.com) - Canoo Inc. (GOEV) shares are rising on Wednesday morning after the manufacturer of breakthrough electric vehicles company said it will accelerate advanced manufacturing production in the U.S. by the fourth quarter of 2022. Further, the company announced a new partnership with the Oklahoma-based George Kaiser Family Foundation to attract, train and retain a globally competitive Tulsa technology workforce.

Canoo's R&D center and a software development center in Oklahoma are expected to bring at least 375 high-paying jobs to the Tulsa region. The company has selected Bentonville, Arkansas as its corporate headquarter and advanced industrialization facility.

Canoo said it expects around $100 million as additional non-dilutive State and Local financial incentives. Currently, Canoo shares are at $12.45, up 19.14 percent from the previous close of $10.45 on a volume of 18,285,304. The shares have traded in a range of $5.75-$24.90 on average volume of 3,720,012.

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