Canoo Shares Soar after Walmart Orders 4,500 EVs

July 19, 2022 11:53:26

A virtually unknown electric vehicle maker recently made the news after retail giant Walmart ordered more than four thousand of its EVs. Canoo, an EV company based in Arkansas, released a statement saying that it had signed a definitive agreement with Walmart to deliver 4,500 fully electric vans as part of efforts to achieve zero-carbon emissions and grow its delivery network by 2040.

Although the retailer’s plans to electrify its delivery network are public knowledge, Walmart’s preferred EV maker isn’t known to many. For the most part, the general public has…

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