For Canoo, this collaboration serves as a golden chance to generate significant interest in its electric vehicles. In May 2022, the company expressed concerns about its dwindling finances, prompting the need for strategic measures. Since then, Canoo has struck a significant deal with Walmart, committing to supply the retail giant with an impressive fleet of 4,500 EVs. Additionally, the company has successfully delivered a test vehicle to the US Army. Despite these notable achievements, Canoo acknowledges that attaining long-term financial sustainability requires concerted efforts and further progress on various fronts.
