Canoo shares soars, as Walmart purchased 4,500 EV’s

Jul 12, 2022 thejournalbiz

Canoo’s Electric Vehicles are to be used for Walmart ‘Last Mile Deliveries’ in support of Its growing eCommerce business!

Shares reacted and rose over 15% upon the news on the deal with Walmart.

Walmart has signed a definitive agreement with Canoo, a high-tech advanced mobility company, to purchase 4,500 all-electric delivery vehicles

Canoo latest EV design

Learn more about our purpose-built Pickup Truck: https://t.co/Cdy0lMUNCI #canoo #GOEV https://t.co/sBkz4vnyMd

— Canoo (@canoo) July 8, 2022

Canoo’s latest version are the Lifestyle Delivery Vehicle (LDV), and Walmart has the open option to purchase up to 10,000 units.

The retailer will be the first to receive Canoo’s Lifestyle Delivery Vehicle which is anticipated to begin hitting the road for Walmart deliveries in 2023.

*CNBC on latest deal with Walmart

Shares of EV maker Canoo are surging after Walmart agrees to buy 4,500 electric delivery vans https://t.co/nVTg4MfgRy

— CNBC (@CNBC) July 12, 2022

The vehicles will be used to deliver online orders in a sustainable way which will also contribute to Walmart’s goal to achieve zero-emissions by 2040.

Canoo’s EV (LDV) are expected to begin hitting the road in 2023
Expanding Walmart’s Last Mile Delivery Fleet

Canoo’s electric vehicles,

will be driven by Walmart associates and used to deliver online orders, from groceries to general merchandise, as well as the potential to be used for Walmart GoLocal, the retailer’s delivery-as-a-service business.

@thejournalbiz

source:Canoo/CNBC

Image:Canoo.inc