Prior to the opening bell on Tuesday (Jul. 12), Walmart said that it has an option to purchase up to 10,000 Canoos as it electrified its fleet of delivery vehicles.
The deal’s financial details were kept under wraps.
Retailer Walmart announced in June that it was expanding its transportation pilots with the manufacturers of EV, hydrogen, and natural gas-powered cars, including Cummins and Daimler Trucks’ Freightliner.
GM’s BrightDrop commercial EV unit reserved 5,000 electric delivery vans for the retailer in January.
As governments throughout the world put pressure on businesses to reduce their CO2 emissions, a slew of new players have entered the commercial EV market.
The big delivery fleets of companies such as FedEx, Amazon.com, and United Parcel Service have all committed to switching to electric vehicles (EVs).
Canoo’s totally electric Lifestyle Delivery Vehicle is also part of the arrangement announced on Tuesday (LDV). According to the announcement, the electric vehicle company expects to commence production of the LDVs in the fourth quarter of 2019.
Canoo CEO Tony Aquila anticipates the company to produce between 14,000 and 17,000 vehicles by 2023.
According to Walmart US’s senior vice president of innovation and automation, David Guggina, “we’re able to provide customers and Walmart+ members with even more access to same-day deliveries while keeping prices down.” Guggina stated.
Zayn Malik's sincere search for a real connection was greeted with suspicion and charges of catfishing in a world where…
Taylor Swift is one of the most famous American singers known for her unbeatable songs and natural beauty. She is…
Alice Guo's story isn't your typical political tale. Born in 1986 in Tarlac to a Filipino-Chinese father and a Filipino…
Sundar Pichai, Google’s CEO in a statement in May 2023 said how his company was trying to incorporate the use…
Chinese-Indonesians are a vibrant community that have long been a part of Indonesian society, yet throughout history they have been…
With the end of the decade fast approaching, the International Monetary Fund (IMF) has published a report outlining the world's…
This website uses cookies.
Read More