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Canoo defies the odds, receives another huge order for electric vans

Credit: Canoo

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Canoo has announced another massive order for their electric vans, with Kingbee ordering nearly 10,000 units.

Canoo has made a 180-degree turn compared to earlier this year when it announced they were nearing bankruptcy. Since then, the company has received thousands of orders, most notably from Walmart, for their Lifestyle Vehicle (LV) and Lifestyle Delivery Vehicle (LDV) vans. Now, the company has added another order for nearly 10,000 vehicles to their list, this time from Kingbee, a work-ready van rental company.

The binding order from Kingbee vans is for 9,300 Canoo vehicles, with the option to increase their order to 18,600 vehicles in the future. Kingbee will be retrofitting the completed vans for construction work and deploying them over the 27 states where they operate. No timeline for introducing these vehicles was included in the press release.

Despite other options, such as the Ford E-Transit, Kingbee CEO Scott Haslam still believes Canoo vans are their best option. “Canoo vehicles are designed specifically for fleets to be upfit and last multiple users. This is exactly what we need. Our assets are our business, and we need products that provide the best driver experience with durability.”

Tony Aquila, Chairman & CEO at Canoo, agreed with the sentiment regarding his product’s fleet design, further claiming that Canoo vans hold the title for “class-leading ROI.”

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Canoo commented to Teslarati that their product’s customization is also a feature that has attracted customers. “New and legacy innovators recognize a need for safety, efficiency, and productivity in their fleet portfolio. Our LDV has it all in a fully electric multi-generational platform, with market-pushing customization, that is made to last and outperform expectations.”

Along with this nearly 10,000 vehicle order, Canoo has pre-existing orders from Walmart and Zeeba totaling roughly 10,000 vehicles, leading to the question; where does the brand plan on manufacturing these 20,000 units? Currently, Canoo has two production facilities. One in Northwestern Arkansas and another in Northeastern Oklahoma; however, it is unclear if these facilities are now in production or how many vehicles they have produced.

In a comment to Teslarati, Canoo clarified their production schedule saying, “[we] are finalizing our multi-year allocations for 2023 customer deliveries and will share our manufacturing plan with the broader market shortly.” Also, noting that “we haven’t shared our customer fulfillment schedule yet, but our CEO has shared that we will deliver product for fleet order for Walmart first.”

Canoo has yet to post its Q3 results regarding financials or production numbers, but looking back to Q2 of this year, the company was still struggling with profitability. More worryingly for investors, despite Walmart’s already completed order for vehicles, they had not (at the time) announced that any units had been produced for delivery.

These more recent deals that Canoo has established may be the turnaround that the company desperately needed, but they aren’t out of the woods yet. Investors and consumers alike are looking for the ordered models to be produced. Without further evidence that they are moving towards that objective, they may find themselves in the same situation as earlier this year.

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What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!

Will is an auto enthusiast, a gear head, and an EV enthusiast above all. From racing, to industry data, to the most advanced EV tech on earth, he now covers it at Teslarati.

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Tesla adjusts Online Design Studio for easier trade-in process

Tesla has a great trade-in program that allows you to give the company your vehicle in exchange for cash, even if it’s not an EV. Their trades are mostly fair, but the company seems to undervalue its own vehicles, and there have been plenty of complaints over offers in the past.

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(Credit: Tesla Asia | X)

Tesla has adjusted its Online Design Studio to make for an easier trade-in process, reflecting the details of the exchange for a more accurate reflection of payment terms.

Tesla has a great trade-in program that allows you to give the company your vehicle in exchange for cash, even if it’s not an EV. Their trades are mostly fair, but the company seems to undervalue its own vehicles, and there have been plenty of complaints over offers in the past.

Trade-ins are usually given by submitting vehicle details, then Tesla sends an email with an offer. Offers are non-negotiable, but do adjust over time, although the latest offer is valid for 30 days.

I traded my ICE vehicle for a Tesla Model Y: here’s how it went

Knowing your new Tesla’s cash price, leasing or loan details, and monthly payment information used to be done by the car buyer. From personal experience, I simply subtracted my trade-in from the cash price of the Tesla Model Y, and I plugged those numbers into the payment calculator.

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Now, Tesla is implementing the trade-in process directly into the Design Studio. It will adjust the price of the car and the different monthly payment methods automatically:

The change is already noticed in a handful of states, including California, but it has not rolled out across the board quite yet. It will be implemented in all of the U.S., as well as Canada, this coming week.

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The trade-in process is very simple, and after you accept your offer, you simply drop your vehicle off during the delivery process. Making this simple change will be greatly appreciated by owners.

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Tesla confirms Robotaxi is heading to five new cities in the U.S.

After launching in Austin, Texas, in late June and the Bay Area of California just a few weeks later, Tesla has been attempting to expand its Robotaxi suite to new states and cities in the U.S., and even outside of the country.

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Credit: Tesla

Tesla Robotaxi will hit five new cities in the United States in the coming months, the company confirmed.

After launching in Austin, Texas, in late June and the Bay Area of California just a few weeks later, Tesla has been attempting to expand its Robotaxi suite to new states and cities in the U.S., and even outside of the country.

The Robotaxi suite is a ride-hailing service Tesla offers, but the details of it change with each jurisdiction, as regulations vary. For example, in Austin, Tesla can operate the Robotaxi suite without anyone in the driver’s seat, as long as the vehicle does not enter a freeway.

Credit: Tesla

In the Bay Area, a Safety Monitor rides in the driver’s seat, essentially acting as the vehicle operator with Full Self-Driving controlling the car.

The local regulations and how Tesla handles them will continue to be a relevant part of the discussion, especially as the company aims to expand the Robotaxi program to different areas. This has been a primary focus of the company for several months, especially within the United States.

CEO Elon Musk said that Tesla was aiming to launch Robotaxi in Nevada, Arizona, and Florida. However, the company detailed five specific cities where it will launch Robotaxi next during the Annual Shareholder Meeting on Thursday.

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Tesla will launch Robotaxi in Las Vegas, Phoenix, Dallas, Houston, and Miami next, broadening its Service Area for the suite to more major cities across the U.S.

It has said it plans to offer the service to half of the U.S. population by the end of the year, but it does not seem as if it will expand to more than a handful of cities this year, which is still tremendous progress, all things considered.

As far as autonomy is concerned, Tesla has always had lofty expectations and has made some even loftier statements.

At the Shareholder Meeting, Musk said that the company would likely be able to enable vehicle owners to text while the vehicle drives, alleviating them from potentially having some of the responsibility they have behind the wheel.

Tesla says texting and driving capability is coming ‘in a month or two’

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It is not confirmed that Tesla will roll this out in the next few months, but Musk said there is a possibility.

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Tesla launches another new Model Y trim at a bargain price with massive range

It is the second most-affordable Model Y trim level in China, trailing the base Rear-Wheel-Drive and coming in under the All-Wheel-Drive.

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Credit: Tesla

Tesla has launched yet another new Model Y trim level, but this time it is in China, and it is at a bargain price.

It also has an insane range rating.

On Friday, Tesla launched the new Model Y Long Range Rear-Wheel-Drive in China, priced at 288,500 yuan ($40,500), an incredible deal considering it is not a stripped-down version of the vehicle like the Model Y Standard.

It is the second most-affordable Model Y trim level in China, trailing the base Rear-Wheel-Drive and coming in under the All-Wheel-Drive.

The big appeal with this new Model Y trim is obviously its price, but its range rating is also one of the best we’ve seen. Rated at 821 kilometers on the CLTC scale, it converts to 510 miles. It uses a 78.4 kWh CATL battery.

Converted to real-world range, however, that 821-kilometer range rated by the CLTC actually is equivalent to about 357 miles on the EPA scale, which is still a very respectable number and comes in at a higher range than the Long Range All-Wheel-Drive configuration that is available in the U.S.

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Tesla has truly brought a wide variety of Model Y trims to the Chinese market, including a new Model Y L configuration that features a slightly longer wheelbase, as well as additional interior features like extended thigh legrests and captain’s chairs with armrests.

It is unclear whether Tesla will bring a Premium Rear-Wheel-Drive option of the Model Y to the U.S., especially as it has already rolled out four configurations of the all-electric crossover in the market. With the new Standard offerings, Tesla will likely keep its lineup as simple as possible.

However, the company has hinted that there is a slim possibility the Model Y L could come to the U.S. sometime late next year, but CEO Elon Musk said that it is not a guarantee.

Tesla is more concerned with self-driving efforts in the U.S., and despite calls from customers for larger vehicles, it does not seem concerned with making them available, at least not for now.

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