AssetBuilt will run an eight-day global webcast auction of former Canoo and Arrival manufacturing assets beginning May 18, 2026, at 10:00 a.m. CST from an Oklahoma City facility. The Oklahoma City-based sale, announced by the recently launched industrial disposition firm, centers on a Manz battery production line the company described as one of the first to reach the secondary market. AssetBuilt CEO Tara Shaikh said much of the equipment was installed as recently as 2023. Catalogs and registration are running through BidSpotter, with separate registration required for each auction day.
Highlights
- Auction window: Eight-day live webcast event beginning May 18, 2026, at 10:00 a.m. CST, with inspection by appointment only at the Oklahoma City site.
- Centerpiece lot: A Manz-built battery production line, identified by AssetBuilt as a rare entry of this equipment class onto the secondary market.
- Asset mix: Robotic assembly cells, conveyor-based production lines, modular assembly systems, precision processing equipment, battery and energy storage hardware, and quality-control and diagnostic stations.
- Auctioneer context: AssetBuilt launched May 6, 2026, under CEO Tara Shaikh, who previously led BidItUp Auctions Worldwide when that firm handled earlier Canoo and Arrival auctions in Q3 and Q4 2025.
What Is Going Under the Hammer
The Oklahoma City facility was outfitted for next-generation electric vehicle manufacturing with integrated robotic automation, modular assembly systems, and precision processing environments. AssetBuilt said buyers will be able to bid on individual machines, complete production cells, or fully integrated systems.
The Manz battery production line anchors the sale. Manz AG, a German production-equipment specialist, supplied the original line during the build-out of the facility. AssetBuilt said this is a significant offering of Manz equipment to enter the secondary market.
Additional categories include EV assembly and automation systems built around robotic cells and conveyor-based lines, precision manufacturing equipment, battery and energy storage systems, testing and quality-control stations, and plant infrastructure including compressed air systems and electrical distribution gear.
How This Sale Fits the Canoo and Arrival Wind-Down
The auction is the latest stage in the liquidation of two EV start-ups that collapsed within roughly two years of each other. Canoo Inc., headquartered in Justin, Texas, filed Chapter 7 bankruptcy on January 17, 2025, after halting operations. Its Oklahoma City facility had been built up as a foreign-trade zone and was tied to plans for an annual production run rate north of 20,000 vehicles. Arrival, the UK-headquartered electric van and bus maker, exited operations earlier, leaving U.S. assets in Charlotte, North Carolina.
BidItUp Auctions Worldwide — then led by Shaikh — ran a series of Canoo and Arrival auctions across Q3 and Q4 2025, including a three-day liquidation of the Oklahoma City EV production facility in October 2025 and a separate Arrival U.S. plant sale on October 1, 2025. The May 18 AssetBuilt event picks up where those rounds left off, with the Manz line and remaining Oklahoma City equipment moving to a new auctioneer brand under the same lead executive.
Shaikh’s new firm, AssetBuilt, launched May 6, 2026, and flagged at launch that a “marquee EV facility” would come to market in the weeks ahead. The Canoo and Arrival sale is the first major engagement to follow that announcement.
Why It Matters to Buyers
For manufacturers and contract assemblers, AssetBuilt is positioning the sale as a way to shorten lead times on automation and battery-production tooling at a moment when new-equipment deliveries from European and Asian suppliers continue to face multi-quarter backlogs.
“This is an opportunity to acquire modern, low-hour equipment from a fully integrated EV manufacturing environment,” Shaikh said. “The scale, quality, and readiness of these assets make this a highly compelling event for automotive and advanced manufacturing buyers worldwide.”
The auction also reflects the continuing reshuffling of EV manufacturing capacity in North America. Capital-intensive build-outs by Canoo, Arrival, Bollinger Motors, and others over 2021–2024 have produced a steady stream of late-model equipment moving to secondary buyers, often at a fraction of replacement cost. Catalogs, lot details, and registration are available through BidSpotter; inspection at the Oklahoma City site is by appointment only.
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