Earlier, Walmart signed a partnership deal with Canoo, an electric vehicle startup, to achieve its sustainability goals. As per the agreement, Canoo would supply around 4,000 electric vehicles to Walmart. Recently, the retail giant has barred the EV startup from teaming up with tech giant Amazon. As part of the agreement, Canoo is not allowed to design, build or supply EVs to Amazon, and the retail giant is making this move as “a defensive manoeuvre.” The agreement between the retailer and EV startup is meant to last for five years. In an interview, Rick Watson, founder and CEO of RMW Commerce Consulting, said that Amazon is probably not bothered by this restriction and is thinking ahead by having a lot on its plate.
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