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Canoo Inc. (NASDAQ:GOEV) shares traded higher Thursday on continued upward momentum after the U.S. Department of Commerce approved its Oklahoma City facility as a Foreign Trade Zone (FTZ) on Monday. What To Know: The FTZ approval is anticipated to enhance Canoo’s strategy of manufacturing electric vehicles in America, improve unit profitability, and expedite the path to achieving breakeven. At present, the Oklahoma City facility employs over 100 individuals and is projected to create up to 1,100 manufacturing positions at full capacity. The FTZ designation eliminates customs duties on vehicles…

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