Startup electric vehicle maker Canoo Inc., which said as recently as May there was “substantial doubt” about its survival. It appears safe for the moment thanks to Walmart’s purchase of 4,500 of its lifestyle delivery vehicles.
The announcement Tuesday morning before the opening bell on the Nasdaq sent Canoo (NASDAQ: GOEV) shares soaring. It more than doubled in price before falling back to a 53%, gain, closing at $3.63 Tuesday.
Walmart signed a definitive agreement with Canoo for its LDV with an...
https://www.freightwaves.com/news/canoo-gets-lifeline-from-walmart-in-electric-delivery-van-deal