California Last-Mile Delivery Contractor Adds Workhorse W56 Step Van to Fleet
Workhorse Group Inc. (Nasdaq: WKHS) has delivered its first W56 step van to NorCal Transports Inc., a last-mile package delivery contractor in Richmond, California. This delivery, facilitated through Workhorse's Certified Dealer, Kingsburg Truck Sales, showcases the W56's real-world performance in the last-mile delivery sector. NorCal, aiming for a 100% alternate fuel vehicle fleet by 2025, praised the W56's durability, capacity, and range.
Workhorse offers a diverse lineup of step vans, including the W56 with 178" and 208" wheelbases, and the W750, providing cargo capacities of 1,200, 1,000, and 750 cubic feet respectively. The W56, Workhorse's flagship electric delivery vehicle, is eligible for California's HVIP program, offering a base voucher of $85,000 per vehicle purchased.
Workhorse Group Inc. (Nasdaq: WKHS) ha consegnato il suo primo furgone W56 a NorCal Transports Inc., un'impresa di consegna pacchi dell'ultimo miglio a Richmond, in California. Questa consegna, facilitata tramite il rivenditore certificato di Workhorse, Kingsburg Truck Sales, mette in mostra le prestazioni del W56 nel settore delle consegne dell'ultimo miglio. NorCal, che punta a una flotta di veicoli a carburante alternativo al 100% entro il 2025, ha elogiato la durabilità, la capacità e l'autonomia del W56.
Workhorse offre una gamma variegata di furgoni, incluso il W56 con passi di 178
Workhorse Group Inc. (Nasdaq: WKHS) ha entregado su primer furgón W56 a NorCal Transports Inc., un contratista de entrega de paquetes de última milla en Richmond, California. Esta entrega, facilitada a través del concesionario certificado de Workhorse, Kingsburg Truck Sales, muestra el rendimiento del W56 en el sector de entregas de última milla. NorCal, que busca tener una flota de vehículos de combustible alternativo al 100% para 2025, elogió la durabilidad, capacidad y autonomía del W56.
Workhorse ofrece una variedad de furgones, incluyendo el W56 con distancias entre ejes de 178
워크호스 그룹 Inc. (나스닥: WKHS)는 캘리포니아주 리치몬드에 있는 마지막 마일 패키지 배송 계약자 노칼 트랜스포트 Inc.에 첫 번째 W56 스텝 밴을 전달했습니다. 이 배송은 워크호스의 인증 딜러인 킹스버그 트럭 세일스를 통해 이루어졌으며, W56의 실제 성능을 마지막 마일 배송 분야에서 보여줍니다. 2025년까지 100% 대체 연료 차량 플릿을 목표로 하는 노칼은 W56의 내구성, 적재 용량 및 주행 거리를 극찬했습니다.
워크호스는 178인치 및 208인치 휠베이스를 갖춘 W56을 포함하여 다양한 스텝 밴 라인업을 제공합니다. W750은 각각 1,200, 1,000 및 750 입방피트의 화물 용량을 제공합니다. W56은 워크호스의 플래그십 전기 배송 차량으로 캘리포니아의 HVIP 프로그램에 적합하며, 차량 구매 시 $85,000의 기본 바우처를 제공합니다.
Workhorse Group Inc. (Nasdaq: WKHS) a livré son premier fourgon W56 à NorCal Transports Inc., un entrepreneur de livraison de colis du dernier kilomètre à Richmond, en Californie. Cette livraison, facilitée par le concessionnaire certifié de Workhorse, Kingsburg Truck Sales, met en avant les performances du W56 dans le secteur de la livraison du dernier kilomètre. NorCal, qui vise une flotte de véhicules à carburant alternatif à 100 % d'ici 2025, a salué la durabilité, la capacité et l'autonomie du W56.
Workhorse propose une gamme variée de fourgons, y compris le W56 avec des empattements de 178
Die Workhorse Group Inc. (Nasdaq: WKHS) hat ihren ersten W56-Transporter an NorCal Transports Inc. geliefert, einen Last-Mile-Paketdienstleister in Richmond, Kalifornien. Diese Lieferung, die über den zertifizierten Händler von Workhorse, Kingsburg Truck Sales, abgewickelt wurde, zeigt die reale Leistung des W56 im Bereich der Last-Mile-Zustellung. NorCal, das bis 2025 eine Flotte von 100 % alternativen Kraftfahrzeugen anstrebt, lobte die Haltbarkeit, Kapazität und Reichweite des W56.
Workhorse bietet eine vielfältige Palette von Transportern an, darunter den W56 mit Radständen von 178
- First delivery of W56 step van to NorCal Transports Inc., showcasing real-world performance
- W56 eligible for California's HVIP program with $85,000 base voucher per vehicle
- Diverse lineup of step vans with cargo capacities ranging from 750 to 1,200 cubic feet
- W56 offers 10,000-pound payload capacity for last-mile delivery fleets
- None.
Insights
The delivery of Workhorse's W56 step van to NorCal Transports marks a significant milestone in the commercial EV sector, particularly for last-mile delivery. This move aligns with the growing trend of fleet electrification, driven by both environmental concerns and regulatory pressures.
Key points to consider:
- NorCal's commitment to 100% alternate fuel vehicles by 2025 reflects the broader industry shift towards sustainable transport solutions.
- The
$85,000 HVIP voucher incentive in California is a substantial financial motivator for fleet operators, potentially accelerating EV adoption in the state. - Workhorse's expanding product line, including the upcoming 208" wheelbase W56, positions the company to cater to diverse logistics needs, potentially expanding its market share.
While this single delivery doesn't guarantee widespread adoption, it serves as a crucial real-world test for Workhorse's technology. The success of this deployment could lead to increased orders and bolster investor confidence in Workhorse's ability to compete in the rapidly evolving commercial EV market.
This delivery represents a positive step for Workhorse, but investors should temper their enthusiasm with a dose of reality. Here's why:
- While securing a customer is encouraging, the scale of this initial deployment is We need to see larger orders to gauge true market traction.
- The California HVIP incentive of
$85,000 per vehicle is substantial, potentially masking the true market competitiveness of Workhorse's pricing strategy. - Workhorse's ability to scale production and maintain quality will be crucial. Investors should watch for updates on production capacity and any potential supply chain issues.
Financially, this deal's immediate impact on Workhorse's bottom line is likely minimal. However, it could serve as a proof of concept to attract larger fleet customers. The real test will be Workhorse's ability to convert this initial deployment into recurring revenue and expand its customer base beyond California's incentive-rich market.
Investors should monitor Workhorse's cash burn rate and progress towards profitability, as the EV market remains highly competitive with established players and well-funded startups vying for market share.
This deployment of Workhorse's W56 step van aligns with California's aggressive stance on reducing transportation emissions. It's a tangible example of how policy initiatives can drive market behavior:
- The California Advanced Clean Fleet Requirements are pushing companies like NorCal to rapidly transition their fleets, creating a robust market for EVs.
- The HVIP voucher program, offering
$85,000 per vehicle, significantly reduces the cost barrier for fleet electrification. - NorCal's goal of
100% alternate fuel vehicles by 2025 is ahead of many state mandates, showcasing the private sector's potential to lead in sustainability efforts.
However, challenges remain. The true environmental impact will depend on factors like the source of electricity for charging and the lifecycle emissions of vehicle production. Additionally, as more fleets electrify, there will be increased pressure on grid infrastructure and the need for widespread charging networks.
This case study demonstrates the effectiveness of policy-driven market transformation. If successful, it could serve as a model for other states looking to accelerate their transition to zero-emission commercial vehicles.
CINCINNATI, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the first delivery of its W56 step van as part of an ongoing collaboration with NorCal Transports Inc. (“NorCal”), a last-mile package delivery contractor in Richmond, California. The delivery, facilitated through Workhorse's Certified Dealer, Kingsburg Truck Sales, provides a significant opportunity to showcase the W56’s outstanding real-world performance in the last-mile package delivery sector.
NorCal has been a leader in adopting alternate fuel vehicles for last-mile package delivery. Currently
“We have been thoroughly impressed with the performance of the Workhorse W56. Its durability, capacity, and range make it a perfect fit for our demanding delivery routes,” said Edson A. Costa Jr., CEO of NorCal Transports, Inc. “Support from the Workhorse team and Kingsburg Truck Sales has been outstanding. They’ve been proactive in ensuring we have everything we need for a smooth transition to electric vehicles.”
“This collaboration with NorCal Transports is a true demonstration of the quality and performance of our products, as well as our proactive engagement in California,” said Ryan Gaul, President Commercial Vehicles at Workhorse. “Working together to host ride-and-drive events with our Certified Dealers, like Kingsburg Truck Sales, has been key. Once drivers experience the W56 for themselves, they see firsthand why it’s the superior choice for delivery fleets.”
With the forthcoming introduction of the W56 with an extended 208” wheelbase, alongside the existing W56 with 178” wheelbase and W750, Workhorse offers a diverse lineup of ready-to-work step vans. These models provide cargo capacities of 1,200, 1,000, and 750 cubic feet, respectively, ensuring comprehensive coverage of various logistics needs. Each vehicle is backed by Workhorse’s superior warranty, service, range, and payload capacities.
“As the adoption of commercial electric vehicles accelerates in incentive-driven states, we are excited for customers to experience the Workhorse difference,” added Gaul.
The W56 step van, Workhorse's flagship electric delivery vehicle, is purpose-engineered for fleet operators aiming to transition to zero-emission vehicles. With its robust design and class-leading 10,000-pound payload capacity, the W56 offers a no-compromise solution for last-mile delivery fleets.
In January, Workhorse announced that the W56 electric step van had become eligible for California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”). Through HVIP, vehicle purchasers and participating dealers are eligible to apply for a base voucher of
The deployment of the W56 step van will aid in reducing greenhouse gas emissions in the Richmond area while supporting NorCal Transport’s sustainability goals and compliance with California Advanced Clean Fleet Requirements. The vehicle will go into service in August 2024, with Workhorse and Kingsburg Truck Sales collaborating to ensure a seamless delivery and implementation process.
About Workhorse Group
Workhorse is a technology company focused on providing ground-based electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, we design and build high performance, battery-electric trucks. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet operators to optimize energy and route efficiency. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment. For additional information visit workhorse.com.
Forward-Looking Statements
This press release contains forward-looking statements reflecting our current expectations that involve risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this document, the words “anticipate,” “expect,” “plan,” “believe,” “seek,” “estimate,” “will,” and “continue” and similar expressions are intended to identify forward-looking statements. These statements involve substantial risks and uncertainties. For a further description of the risks and uncertainties relating to the business of the Company in general, see the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Forward-looking statements speak only as of the date hereof. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.
Media Contact:
Aaron Palash / Greg Klassen
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Investor Relations Contact:
Matt Glover and Tom Colton
Gateway Group
949-574-3860
WKHS@gateway-grp.com
FAQ
What is the payload capacity of the Workhorse W56 step van?
How much incentive is available for purchasing a Workhorse W56 through California's HVIP program?
What cargo capacities does Workhorse offer in its step van lineup?
When will the Workhorse W56 step van go into service for NorCal Transports Inc.?
