Walmart Orders 4,500 Canoo Electric Delivery Vans
Retail giant Walmart and fledgling EV maker Canoo have shaken hands on a deal that will see the former acquire 4,500 electric local-delivery vans from the latter. For Walmart, it's another step toward its goal of reducing emissions to zero by 2040.For Canoo, which has struggled financially since its initial announcements, this is great news.
Walmart’s order is for the LDV model, which is a modified version of the LV that was the company’s first product. The LV is a people mover and can accommodate up to seven occupants, but the LDV version has the seats removed to create cargo space. It gets an 80-kWh battery, which allows it to offer a range of around 400 km. Load capacity is 1,464 lb, or 664 kg.
Walmart is the first company to receive the LDV, which it plans to deploy at distribution centres to carry out “last mile” local deliveries of packages ordered online to customers. Canoo says the first vehicles will hit the road in 2023. However, some models will be tested in the Dallas/Fort Worth area over the next few weeks so that their performance can be evaluated.
The news has not surprisingly boosted Canoo's stock, lifting it from $2.37 to $4.65. It had started its run at $22.75 in December 2020, it should be remembered.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canoo Gets Unexpected Lifeline From Walmart: An Order For 4,500 VansThe deal is for Canoo's Lifestyle Delivery Vehicle, which is expected to enter production in the fourth quarter of 2022 and start customer deliveries in 2023.
Read more »
Canoo gets lifeline from Walmart after moving HQ to the retailer’s neck of the woodsCash anemic EV company gets 4,500 unit order
Read more »
Walmart Buying 4500 Canoo Delivery Trucks; EV Maker's Stock LeapsThe retail giant, in lockstep with the rest of the delivery industry, is looking to electrify its fleet, and these Canoo Lifestyle Delivery Vehicles will help.
Read more »
Walmart Bags 4,500 Electric Canoo Delivery Vans. canoo and Walmart are teaming up a fleet of last-mile delivery vehicles starting next year.
Read more »
Walmart buying 4,500 electric vans from Arkansas startup CanooWalmart is buying at least 4,500 electric vans from Arkansas-based Canoo, which will build the vehicles at a new factory in Pryor Oklahoma next year.
Read more »
Walmart to purchase thousands of Canoo electric vansCanoo plans to start deliveries of its Lifestyle Delivery Vehicle in 2023, and Walmart will be among the first recipients.
Read more »