Walmart's Canoo Deal Blocks Startup From Selling EVs To Amazon via insideevs.com
Walmart's decision to buy 4,500 electric delivery vans from Canoo may prove to be essential for the EV startup's survival, but it does come with strings attached.has very specific requirements that go beyond blocking Canoo from selling its vans to Amazon. Here's the exact language used in the 8-K form.
This provision provides an insight into the fierce competition between retail companies and how their enormous purchasing power allows them to impose such drastic conditions on their EV suppliers. Meanwhile,that gives it priority over all other potential customers.
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