Walmart doesn’t want Canoo selling EVs to Amazon

Walmart kicked off a deal with electric vehicle company Canoo on Tuesday to purchase 4,500 of its last-mile delivery vehicles. While the deal is not exclusive, it does prevent Canoo from making sales to Walmart’s rival Amazon.
Walmart’s agreement to purchase up to 10,000 electric vans from startup-turned-SPAC Canoo includes a caveat blocking sales to Amazon, according to a regulatory filing first reported on by Bloomberg. Canoo had warned last quarter that it may not have enough money to stay in business, so it’s no surprise that the company took this deal with Walmart, despi

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