Just a few weeks after announcing plans to outsource production of its future electric vehicle for Walmart Inc., Canoo Inc. is parting ways with its head of manufacturing.
According to persons familiar with the situation, John Mocny, a seasoned employee of General Motors Inc. who transferred from Harley-Davidson Inc. to the startup in early 2022, is departing the company.
The CEO's departure from the young EV startup, which has struggled to market a production car since going public in a December 2020 merger with a blank-check company, comes as the latest indication of executive unrest at the company.
Its stock price has fallen by nearly 59 percent so far this year. Earlier this month, several personnel in Canoo's talent acquisition division, including the previous top human resources officer, left the company, according to the people knowledgeable. Former Tesla Inc. employee Rich Schmidt
executive who had been working for the company since December and had been promoted to the position of senior vice president of manufacturing left in May.
Walmart has placed an order for at least 4,500 battery-powered vans, with the option to buy up to 10,000, the startup claimed last month. Canoo, which has declared it will relocate its headquarters to Bentonville, Arkansas—the city of Walmart—plans to engage a third party for early production in order to meet that demand., according to the people knowledgeable. Former Tesla Inc. employee Rich Schmidt
Canoo has previously considered outsourcing and had last year hired Dutch company VDL Nedcar to construct its vehicles, but finally abandoned that proposal.