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Workhorse Group - WKHS STOCK NEWS

Welcome to our dedicated page for Workhorse Group news (Ticker: WKHS), a resource for investors and traders seeking the latest updates and insights on Workhorse Group stock.

Overview

Workhorse Group Inc. (WKHS) is a technology-driven American original equipment manufacturer that designs and manufactures battery-electric commercial vehicles and integrated UAV systems. As a pioneer in the zero-emission transition for commercial fleets, Workhorse leverages automotive-grade, mass-produced components combined with custom-designed proprietary control software. This integrated approach underpins its robust electric powertrain architectures and advanced vehicle platforms aimed squarely at last-mile delivery and medium-duty fleet applications. Industry keywords such as last-mile delivery, zero-emission commercial vehicles, and battery-electric powertrains are embedded in its core strategy to deliver reliable, efficient, and sustainable transportation solutions.

Core Business Areas

Workhorse Group operates across multiple dimensions of commercial transportation design and manufacturing. Its operations include:

  • Electric Drivetrain and Chassis Production: The company’s flagship electric powertrain platforms are produced in state-of-the-art facilities such as its 50,000 sq. ft. Loveland, Ohio site and an expansive 200,000 sq. ft. assembly plant. These facilities employ both proven mass production techniques and innovative engineering to build medium-duty truck chassis in Class 3 through 6. Notable chassis platforms like the W62, W88, and W56 serve as the foundation for its diverse product lineup.
  • Integrated Telemetry and Control Software: Workhorse’s proprietary control software is designed to enhance real-time performance and efficiency. The cloud-based, real-time telematics systems provide comprehensive monitoring of energy usage, routing efficiency, and vehicle performance, granting fleet operators an effective means to optimize their operational costs.
  • UAV and Multi-Modal Delivery Systems: Complementing its electric vehicle offerings, Workhorse has developed the innovative Horsefly™ UAV delivery system. This octocopter-based platform integrates seamlessly with its electric and hybrid delivery trucks, meeting FAA guidelines and providing a novel, efficient method to support last-mile delivery operations.

Manufacturing Excellence

Built on a foundation of American engineering, Workhorse designs and constructs its vehicles in-house. Utilizing automotive-grade parts tested over thousands of miles, the company’s manufacturing process emphasizes durability, reliability, and ease of maintenance. Its focus on streamlined assembly methods not only underpins consistent product quality but also simplifies service and support for fleet operators. The commitment to domestic manufacturing helps maintain high operational standards and positions Workhorse as a trusted domestic supplier for commercial electric vehicles.

Market Position and Differentiation

Within the competitive landscape of zero-emission commercial vehicles, Workhorse Group differentiates itself with its holistic approach to product development and fleet support. Its ability to seamlessly merge advanced battery-electric powertrain technology with integrated telematics and UAV delivery solutions sets the company apart. Workhorse is uniquely positioned to serve both the private and public sectors, including municipal fleets and large-scale commercial operators, by offering tailored vehicle platforms that meet rigorous safety certifications and operational benchmarks.

Key Operational Strengths

The company’s value proposition is reflected in several key operational strengths:

  • Engineering and Design: With decades of cumulative industry expertise, Workhorse uses a rigorous engineering process to continuously enhance vehicle performance, durability, and efficiency.
  • Advanced Supply Chain and Production Integration: Its use of standardized, automotive-grade components contributes to reduced complexity, ensuring high uptime for fleets and streamlined servicing due to interchangeable parts.
  • Technological Innovation: The integration of cloud-based telematics systems within its vehicles allows operators to monitor real-time vehicle health, optimize energy usage, and reduce overall operating costs without compromising safety or performance.
  • Scalability: With production facilities that support rigorous assembly processes and quality assurance, Workhorse is capable of meeting the increasing demand for sustainable transport solutions driven by the global move toward environmental stewardship.

Applications and Use Cases

Workhorse Group’s product portfolio is optimally engineered for various commercial applications. Its electric truck platforms have been tested for high-density urban delivery routes and are ideal for markets such as parcel delivery, vocational applications, municipal services, and other logistics-intensive industries. The integration of its Horsefly™ UAV system further diversifies its capabilities by enabling rapid, aerial delivery support which is coordinated with ground-based operations for enhanced efficiency. This dual-modal approach offers fleet operators a flexible and robust solution, addressing multiple needs with a single, integrated product ecosystem.

Industry-Specific Insights

The commercial electric vehicle sector is characterized by rapidly evolving regulatory standards, technological breakthroughs, and increasing environmental mandates across federal, state, and municipal levels. Workhorse Group operates at the intersection of these trends as it develops vehicles that not only meet stringent FMVSS and CMVSS safety requirements but also deliver performance metrics aligned with the demands of modern fleet operations. The use of proven automotive parts, combined with custom-designed control algorithms, enables its vehicles to sustain high performance under variable operating conditions. This is especially critical in last-mile delivery, where operational reliability and cost efficiency are paramount.

Commitment to Quality and Compliance

Compliance with rigorous safety and environmental standards is integral to Workhorse Group’s operations. The company has achieved several key certifications, validating its vehicles’ adherence to industry regulations and underscoring its commitment to quality. Integrated with a robust network of certified dealers and national service partners, its vehicles are backed by a comprehensive service and support infrastructure, ensuring that fleet operators can maintain high operational uptime and reduced maintenance complexity.

Summary

In summary, Workhorse Group Inc. stands as a technically competent, innovation-driven manufacturer of battery-electric commercial vehicles tailored for the dynamic landscape of last-mile delivery and medium-duty fleet operations. By marrying durable, automotive-grade design with advanced digital control systems and integrated multi-modal delivery solutions, Workhorse provides a versatile product portfolio designed to meet stringent safety standards, operational demands, and environmental goals. The company’s deep industrial expertise, commitment to quality manufacturing, and focus on operational efficiency equip it to serve a broad range of customers in both the private and public sectors, thereby playing a crucial role in the transition to a sustainable, zero-emission future.

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Workhorse Group Inc. (WKHS) receives second fleet purchase order for W56 step van, showcasing high reliability, quality, and serviceability. The order, expected to be delivered in 2024, supports benchmark payload capacity of up to 10,000 pounds and a range of up to 150 miles. CEO Rick Dauch expresses optimism for future sales and performance of the delivery van.
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Workhorse Group Inc. (Nasdaq: WKHS) announced that its W56 electric vehicle is now eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project in California. The CARB approval allows purchasers to apply for an $85,000 base voucher per W56 purchased, positioning Workhorse to build market share in the EV step van segment.
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Workhorse Group Inc. (Nasdaq: WKHS) has issued a letter to shareholders highlighting milestones reached in 2023 and opportunities ahead to enhance shareholder value. The company resolved production and supply issues, strengthened its financial position, expanded its regional dealer network, and received fleet purchase orders for its vehicles. Workhorse is focused on operational execution and delivery of high-performance battery-electric trucks and drones to customers, aiming to succeed in the market and deliver value to shareholders.
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Workhorse Group Inc. (Nasdaq: WKHS) has received its first fleet order for the W56 step van from Mission Linen Supply, a California based, privately-held company. The initial 15-vehicle order is expected to be delivered in 2024. The W56 provides a unique blend of high reliability, quality, and serviceability, with a benchmark payload capacity of up to approximately 10,000 pounds and a range of up to 150 miles. The W56 step van also offers a large 1,000+ cubic foot cargo box with lowered step-in and wide cabin door for easier entry and exit. Workhorse CEO Rick Dauch expressed excitement about this milestone, emphasizing the vehicle's capability and reliability. Mission Linen Supply's Senior Manager for Fleet and Safety, Corporate Services, Evelyn Scott-Phillips, also praised the W56's advanced technology and features, highlighting the superb support from the Workhorse team during the demo.
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Workhorse Group Inc. (Nasdaq: WKHS) has announced the addition of The Truck Shop as a dealer, expanding its total dealer count to nine. The Truck Shop, with locations in Washington and Oregon, will serve as a gateway to sales in the Pacific Northwest. The partnership aims to tap into the growing demand for zero emission commercial vehicles in the region.
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Workhorse Group Inc. (Nasdaq: WKHS) has expanded its dealer network by adding Colonial Equipment Company and Freeway Isuzu, along with Fairway EV as a Certified Dealer. The Certified Dealer Program aims to establish a verified network of dealers for safe repair and maintenance of electric components in Workhorse vehicles. With a total of eight partners nationwide, Workhorse is strategically growing its sales efforts in the EV market, particularly in California, the nation's leading EV market.
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Workhorse Group Inc. (Nasdaq: WKHS) reported Q3 2023 financial results, highlighting progress in commercial EV, drone, and last mile delivery product roadmaps. Despite financial impact due to HVIP voucher delays, the company resolved the issue and received approval for a first-of-its-kind program from the California Air Resources Board. Workhorse also achieved milestones in its aerospace business and is exploring strategic alternatives. The company's 2023 full year revenue guidance has been reduced due to market disruption caused by delayed access to the California market.
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Workhorse Group Inc. has rescheduled its third quarter earnings conference call to Tuesday, November 14th at 8:00 a.m. Eastern time. The company will discuss financial results for the third quarter and its plans and outlook. Financial results will be issued in a press release prior to the call.
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Workhorse Group Inc. will hold a conference call on November 7th to discuss its financial results for Q3 2023. The call will include a presentation and a Q&A period. The company's financial results will be issued in a press release prior to the call. The call will be broadcast live and available for replay on the company's website.
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Workhorse Group Inc. announces progress in advancing Workhorse Aero, its drone business. The company is working towards FAA approval for its drone, Horsefly, to operate under UPS Flight Forward's drone airline certificate. Workhorse Aero has also received two additional grants from the USDA for farmland scanning.
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FAQ

What is the current stock price of Workhorse Group (WKHS)?

The current stock price of Workhorse Group (WKHS) is $1.34 as of April 4, 2025.

What is the market cap of Workhorse Group (WKHS)?

The market cap of Workhorse Group (WKHS) is approximately 4.2M.

What is the core business of Workhorse Group?

Workhorse Group designs and manufactures battery-electric commercial vehicles and integrated UAV delivery systems. They focus on creating sustainable, zero-emission solutions for last-mile and medium-duty fleet operations.

How does Workhorse differentiate itself in the competitive EV market?

The company integrates automotive-grade parts with proprietary control software and cloud-based telematics. This combination ensures durability, efficient performance, and tailored support for diverse commercial applications.

What are the primary applications for Workhorse vehicles?

Workhorse vehicles are engineered for last-mile delivery, municipal fleet operations, and various vocational applications. Their platforms are designed to meet the rigorous demands of urban and medium-duty transportation.

How does Workhorse ensure vehicle quality and compliance?

Workhorse employs proven manufacturing methods, utilizes standardized automotive parts, and adheres to strict safety and regulatory standards. Their vehicles have achieved certifications that validate safety and environmental performance.

What role does technology play in Workhorse's product offerings?

Advanced technology is central to Workhorse’s products, from proprietary control software to cloud-based telematics systems that enable real-time performance monitoring. This technology optimizes vehicle efficiency and supports robust fleet management.

How does Workhorse support the integration of UAV technology with commercial vehicles?

Workhorse has developed the Horsefly™ UAV system, which synchronizes with their electric trucks to enhance delivery capabilities. This integration conforms to regulatory guidelines and provides fleet operators a multi-modal approach to logistics.
Workhorse Group

Nasdaq:WKHS

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WKHS Stock Data

4.16M
5.05M
1.74%
4.82%
22%
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