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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.

Rhea-AI Summary
Workhorse Group Inc. receives IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit, allowing customers to receive up to a $40,000 credit for deliveries of all Workhorse vehicles in 2023 and beyond.
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Workhorse Group Inc. starts production of W56 electric vehicle chassis, expects strong customer interest and firm purchase orders in Q4
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Workhorse stockholders approve proposal to increase number of shares
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Workhorse Group Inc. has adjourned its Special Meeting of Stockholders to give more time for voting on the proposal to increase the number of shares of Workhorse common stock. The company is exploring financing options and urges stockholders to vote FOR the proposal. Leading proxy advisory firms ISS and Glass Lewis also recommend voting FOR the proposal. As of August 28, 2023, 49.68% of Workhorse shares voted for the proposal, with 85% of all voted shares supporting it.
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Workhorse Group Inc. urges stockholders to vote for proposal to increase number of authorized shares, stating the need for additional capital to fund next phase of execution and product roadmaps. Believes in achieving 2023 revenue guidance through securing HVIP voucher process, selling W4 CCs, and ramping up W750 production. Confident in market shift to EV and positioning themselves to ride that wave. Special Meeting scheduled for August 28, 2023.
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Workhorse Group reminds stockholders to vote "FOR" proposal to increase number of shares at upcoming Special Meeting. Company highlights progress on strategic plans and need for financing. Encourages stockholders to follow recommendations of proxy advisors ISS and Glass Lewis.
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Workhorse Group reminds stockholders to vote for proposal to increase number of authorized shares
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Workhorse Group Inc. plans to increase its authorized shares of common stock to fund its business operations. The company aims to use the additional capital to advance its commercial EV product roadmap, grow its Aero business, and invest in facilities and other initiatives.
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Workhorse Group Inc. (Nasdaq: WKHS) urges stockholders to vote 'FOR' the proposal to increase the number of authorized shares of common stock, following the recommendations of ISS and Glass Lewis. The company aims to raise additional financing to fund its operations, working capital, operating expenses, and capital expenditures. The Special Meeting is scheduled for August 28, 2023, and stockholders of record at the close of business on July 10, 2023, are entitled to vote.
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FAQ

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

The current stock price of Workhorse Group (WKHS) is $1.24 as of April 7, 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

WKHS Rankings

WKHS Stock Data

4.16M
5.05M
1.74%
4.82%
22%
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