Electric Vehicles

Canoo to Outsource Production of Its First Electric Vans for Walmart

Canoo's electric delivery van.

Source: Canoo/PRNewswire
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Canoo Inc. will use a third party to build its first electric delivery vans for Walmart Inc., a change from previous plans to begin assembly at the startup’s factory in Bentonville, Arkansas, by the end of this year.

The fledgling EV company, which scored a big win by reaching a deal with Walmart last month, will use an unspecified contractor for initial output of its debut EV by year’s end, Tony Aquila, Canoo’s chief executive officer, said Monday on a call with analysts.