Walmart announced a new partnership with 'Canoo,' which outlines the retail giant's agreement to purchase over 4,500 electric delivery vans. The beginning of the partnership will see Walmart purchasing 4,500 of Canoo's delivery vehicles. However, going forward, Walmart stipulated that it maintains the option to purchase 5,500 more in the future, bringing the total up to 10,000 delivery vans.
Canoo will begin producing its electric delivery vans on a mass scale in late 2022, and the vehicles are expected to hit the streets for business purposes in mid-2023. At this point, the vehicles will undergo a large amount of real-world testing through partnerships with various retail stores, such as Walmart. However, early testing for Canoo prototypes shows the vans to be safe, reliable, and cost-effective delivery solutions.
Tony Aquila, Chairman and CEO of Canoo, stated "We are proud to have been selected by Walmart, one of the most sophisticated buyers in the world, to provide our high-tech, all-electric, American-made Lifestyle Delivery Vehicle to add to their impressive logistics capabilities."
Retail Delivery Partnerships
Walmart Signed a Deal with 'Canoo' to Purchase 4,500 Electric Vans
Trend Themes
1. Electric Delivery Vans - The trend of using all-electric delivery vans in the retail industry can disrupt the traditional delivery system and offer a more sustainable and cost-effective solution.
2. Partnerships for Delivery Solutions - The trend of forming partnerships between retailers and vehicle manufacturers can revolutionize the delivery industry with a focus on efficiency and sustainability.
3. Real-world Testing for Delivery Solutions - The trend of performing real-world testing with major retailers can create opportunities for vehicle manufacturers to fine-tune their delivery solutions and ensure that they meet industry standards and requirements.
Industry Implications
1. Retail Industry - Retailers can benefit from electric delivery vans' cost-effectiveness, sustainability, and potential to optimize their logistics capabilities.
2. Vehicle Manufacturing Industry - Vehicle manufacturers can leverage partnerships with retailers to develop and refine delivery solutions that meet the industry's growing demand for electric and sustainable transportation options.
3. Logistics and Delivery Industry - Implementing electric delivery vans and forming partnerships with retailers and vehicle manufacturers can lead to innovation in the logistics and delivery sector, creating more efficient and eco-friendly delivery solutions.