Walmart will buy 4,500 Canu electric delivery vehicles to be used for last mile deliveries in support of its growing eCommerce business
Credits: Kanu | walmart
electric vehicle startup canu said on tuesday walmart In a significant win for the Texas-based automaker, it has agreed to buy at least 4,500 of its upcoming electric delivery vans.
Canu shares are up more than 70% in premarket trading, following the announcement of news of trading above $4 a share.
Canoo said Walmart has signed a “definitive agreement” to buy at least 4,500 of its all-electric lifestyle delivery vehicles and possibly more than 10,000, a small electric one designed for local delivery service. There is a van.
The big-box retailer plans to use vans for local delivery of items ordered online. The vans will be built at Canoo’s facility near Dallas and are expected to go into service next year.
Terms of the deal were not disclosed.