Canoo production starts could slip, but CEO remains confident in funding

FILE PHOTO: A Canoo Lifestyle Vehicle is displayed during the 2021 LA Auto Show in Los Angeles, California, U.S. November, 17, 2021. REUTERS/Mike Blake/File Photo

DETROIT (Reuters) - Start of production by electric vehicle maker Canoo Inc at its Arkansas and Oklahoma assembly plants could slip due to supply-chain pressures, but its chief executive remains bullish on the company's ability to raise money.

The global chip shortage and higher material costs could, in a worst-case scenario, delay start of vehicle production at Canoo's Arkansas plant by a few weeks into early next year from the fourth quarter this year, CEO Tony Aquila said Wednesday.

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