Technology

Walmart's Canoo Deal Blocks Startup From Selling EVs To Amazon

Walmart's Canoo Deal Blocks Startup From Selling EVs To Amazon

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. According to a securities filing on July 13 seen by Automotive News, the deal includes a provision preventing Canoo from selling its electric vehicles to rival Amazon. Actually, Walmart has very specific requirements that go beyond blocking Canoo from selling its vans to Amazon.

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