The equipment that was supposed to build the next generation of American electric vehicles is going up for sale. AssetBuilt, a Houston-based industrial auction firm, announced it will conduct a major global webcast auction beginning May 18, 2026, featuring assets from the former Canoo and Arrival electric vehicle manufacturing facility in Oklahoma City. The eight-day online event, open to registered bidders worldwide through BidSpotter, represents the final chapter in an American EV startup story that promised thousands of jobs, hundreds of millions in state incentives, and deliveries to Walmart, NASA, and the U.S. Army — and delivered, ultimately, very little of any of it. “This is an opportunity to acquire modern, low-hour equipment from a fully integrated EV manufacturing environment,” AssetBuilt CEO Tara Shaikh said in announcing the auction. “The scale, quality, and readiness of these assets make this a highly compelling event for automotive and advanced manufacturing buyers worldwide.” What’s for Sale The Oklahoma City facility was purpose-built to support next-generation EV manufacturing, fitted with integrated robotic automation, modular assembly systems, and precision processing environments. Much of the equipment was installed as recently as 2023 and remains, according to AssetBuilt, in exceptional condition. The auction’s centerpiece is a Manz battery production line — one of the first such systems to enter the secondary market. The Manz line, a high-precision automated assembly system used in battery cell and module production, represents the kind of capital equipment that new entrants to energy storage and EV manufacturing typically wait years to procure new. That it is available at all, barely used, tells its own story. Additional lots include robotic assembly cells, conveyor-based production lines, modular manufacturing systems, diagnostic and validation stations, testing and quality control equipment, and plant infrastructure assets including compressed air systems and electrical distribution equipment. Assets also include equipment
Assets of Canoo & Arrival 4 Sale for Liquidation on 5/18 EV Spac-Speculation Over?
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