Walmart to Purchase EVs to Grow it’s eCommerce Business

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Date: 06/12/2022

Link: https://corporate.walmart.com/newsroom/2022/07/12/walmart-to-purchase-4-500-canoo-electric-delivery-vehicles-to-be-used-for-last-mile-deliveries-in-support-of-its-growing-ecommerce-business

Canoo’s fully electric Lifestyle Delivery Vehicle (LDV) is an all-American commercial EV optimized for sustainable last mile delivery use cases. As with all Canoo vehicles, the LDV is built on a proprietary multi-purpose platform (MPP) architecture that integrates the motors, battery module and other critical driving components. The LDV has a last mile delivery optimized cabin and customized cargo space. Canoo is utilizing true steer by wire technology, reducing moving parts and cabin intrusion, resulting in more usable interior space, better driver ergonomics and the addition of a panoramic window to improve road visibility.

The LDV is engineered for high frequency stop-and-go deliveries and speedy vehicle to door drop-off, including grocery and food/meal delivery. Its customized interior is designed for small package delivery, at competitive per stop economics. The modular design and 120 cubic feet cargo volume are adaptable to evolve with customer needs which contributes to a decreasing per unit investment over time.

Analysis

As businesses continue to expand into the eCommerce sector, it is important to acknowleadge that we need better and more efficient tools for these endeavors to prosper. Since food delivery and pickup has become a lot more normalized since recent events, that being the global pandemic, companies have had to adjust quickly to these new changes and customer preferences. Walmart is smart to adopt the use of these EVs to expand their business because this technolgy is focused on a specific sector of their busness which means a more tailored experience for their customers.

Source

“Walmart to Purchase 4,500 Canoo Electric Delivery Vehicles to Be Used for Last Mile Deliveries in Support of Its Growing Ecommerce Business.” Corporate, 12 July 2022, https://corporate.walmart.com/newsroom/2022/07/12/walmart-to-purchase-4-500-canoo-electric-delivery-vehicles-to-be-used-for-last-mile-deliveries-in-support-of-its-growing-ecommerce-business.