-
-
News
News Highlights
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueIPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
The Cost of Rework
In this issue, we investigate rework's current state of the art. What are the root causes and how are they resolved? What is the financial impact of rework, and is it possible to eliminate it entirely without sacrificing your yields?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
VDL Groep, Canoo Explore Partnership
December 28, 2021 | VDL GroepEstimated reading time: 1 minute
VDL Groep and Canoo announced that the two companies are exploring opportunities to partner together.
“We appreciate the months of effort VDL Nedcar invested to provide us with a contract manufacturing option, but we have concluded that building in America was better aligned with our mission and current focus to invest in the communities and states that are investing in hightech manufacturing alongside us in creating American jobs and innovation. The support from Oklahoma and Arkansas will allow us to achieve SOP earlier and with less risk on many fronts,” said Tony Aquila, Investor, Chairman & CEO at Canoo. ”While we decided not to move forward with VDL Nedcar, we also concluded that VDL Groep and the Van der Leegte family are the people we want to explore a continuing partnership with as we evaluate the best way and timing to expand Canoo into Europe with less risk and take advantage of advanced manufacturing technologies.”
New Opportunities
“We look forward to continuing our relationship with Tony and the Canoo team, as we will explore new opportunities together,” said Willem van der Leegte, President & CEO of VDL Groep. “We see electric vehicles as a significant economic driver. We are pleased to invest in Canoo and look forward to a long and succesfull relationship.”
Investment
The companies have ceased contract manufacturing discussions at VDL Nedcar, which will better facilitate Canoo’s ability to utilize the incentives from Oklahoma and Arkansas. VDL Nedcar will return Canoo’s investment capital prepayment of €25 million EURO. To underline our relationship VDL Groep will purchase €7.5 million EURO of Canoo stock.
Suggested Items
Cogiscan Collaborates with Koh Young to Unveil how its Factory Insights Software Transforms Data into Action at IPC APEX Expo
03/28/2024 | Koh YoungKoh Young, the industry leader in True3D measurement-based inspection solutions, is excited to announce Factory Insights, the latest offering from Cogiscan, will be demonstrated alongside KSMART in Koh Young booth 2112 during IPC APEX Expo.
ASMC 2024 to Showcase AI, Smart Manufacturing and Sustainability to Advance Chip Industry Manufacturing Expertise
03/27/2024 | SEMIMore than 125 experts will offer insights into the latest semiconductor manufacturing strategies and methodologies as hundreds of industry stakeholders gather at the 35th annual SEMI Advanced Semiconductor Manufacturing Conference (ASMC 2024), May 13-16 in Albany, New York.
NextFlex Announces $5M Education Fundraising Effort: First Spotlight - Transforming the Landscape for Women in Technology
03/27/2024 | BUSINESS WIRENextFlex Learning Programs, the education-focused arm of the NextFlex® Hybrid Electronics Manufacturing Innovation Institute, announces its first spotlight effort, “NextFlex Supports Women in STEM” to increase the number of women in STEM fields, which could accelerate U.S. GDP growth by boosting women’s cumulative earnings by $299B and adding $5.9T to the global stock market within 10 years according to S&P Global.
Don Dennison Appointed to Roll Out KIC’s Latest Thermal Analysis System Software in the Northeast
03/26/2024 | KICKIC, a renowned pioneer in thermal process and temperature measurement solutions for electronics manufacturing, is pleased to announce the appointment of PIT Equipment Services, LLC, led by Don Dennison, as its representative for New York, New Jersey, and Eastern Pennsylvania.
ACDi Takes Milestone Delivery of the 23,000th Koh Young Machine
03/26/2024 | ACDiAccording to ACDi (American Computer Development, Inc.), “Flexible, reliable, and equipped to keep your project on schedule, is what you need as an electronics manufacturing services partner.”