UPDATE - Workhorse Partners with Progress Manufacturing Company as Certified Dealer for Specialized Second-Stage Manufacturing
Workhorse Group has announced a partnership with Progress Manufacturing Company (PMC) as a certified dealer for specialized second-stage manufacturing. PMC has placed a purchase order for Workhorse's W56 step van and W4 CC cab chassis as demonstration units. These vehicles will showcase EnviroCharge's mobile DC fast chargers, providing off-grid fleet EV charging solutions.
Located near Workhorse's manufacturing facility in Union City, Indiana, PMC specializes in equipping commercial vehicles with specialized technology. The partnership aims to expand the availability of electric commercial vehicles to specialized fleets and integrate advanced equipment for various applications. PMC is licensed to sell vehicles nationally through their dealer network and directly to customers.
Workhorse Group ha annunciato una partnership con Progress Manufacturing Company (PMC) come rivenditore certificato per la produzione specializzata di seconda fase. PMC ha effettuato un ordine d'acquisto per il W56 step van e il W4 CC cab chassis di Workhorse come unità dimostrativa. Questi veicoli presenteranno i caricatori rapidi DC mobili di EnviroCharge, fornendo soluzioni di ricarica per veicoli elettrici fuori rete.
Situata vicino all'impianto di produzione di Workhorse a Union City, Indiana, PMC è specializzata nell'equipaggiare veicoli commerciali con tecnologia specializzata. L'obiettivo della partnership è quello di espandere la disponibilità di veicoli commerciali elettrici per flotte specializzate e integrare attrezzature avanzate per varie applicazioni. PMC è autorizzata a vendere veicoli a livello nazionale attraverso la propria rete di rivenditori e direttamente ai clienti.
Workhorse Group ha anunciado una asociación con Progress Manufacturing Company (PMC) como concesionario certificado para la fabricación especializada de segunda etapa. PMC ha realizado un pedido de compra para el W56 step van y el W4 CC cab chassis de Workhorse como unidades de demostración. Estos vehículos mostrarán los cargadores rápidos DC móviles de EnviroCharge, proporcionando soluciones de carga para flotas de vehículos eléctricos fuera de la red.
Ubicada cerca de la instalación de fabricación de Workhorse en Union City, Indiana, PMC se especializa en equipar vehículos comerciales con tecnología especializada. La asociación tiene como objetivo expandir la disponibilidad de vehículos comerciales eléctricos para flotas especializadas e integrar equipos avanzados para diversas aplicaciones. PMC está autorizada para vender vehículos a nivel nacional a través de su red de concesionarios y directamente a los clientes.
워크호스 그룹은 프로그레스 제조 회사(PMC)와 전문화된 2단계 제조의 인증된 대리점으로 파트너십을 발표했습니다. PMC는 워크호스의 W56 스텝 밴과 W4 CC 캡 섀시를 시연 유닛으로 구매하기로 주문했습니다. 이 차량들은 EnviroCharge의 이동식 DC 고속 충전기를 시연하여 오프 그리드 차량 전기 충전 솔루션을 제공합니다.
인디애나주 유니언 시티에 위치한 워크호스의 제조 시설 근처에 위치한 PMC는 상용차에 특수 기술을 장착하는 전문 업체입니다. 이 파트너십의 목표는 전문화된 플릿을 위한 전기 상용차의 가용성을 확대하고 다양한 응용 프로그램을 위한 고급 장비를 통합하는 것입니다. PMC는 자사 대리점 네트워크를 통해 전국적으로 그리고 직접 고객에게 차량을 판매할 수 있는 라이센스를 보유하고 있습니다.
Workhorse Group a annoncé un partenariat avec Progress Manufacturing Company (PMC) en tant que concessionnaire certifié pour la fabrication spécialisée de deuxième niveau. PMC a passé une commande d'achat pour le W56 step van et le W4 CC cab chassis de Workhorse comme unités de démonstration. Ces véhicules présenteront les chargeurs rapides DC mobiles d'EnviroCharge, offrant des solutions de recharge pour vaisseaux électriques hors réseau.
Située près de l'usine de fabrication de Workhorse à Union City, Indiana, PMC se spécialise dans l'équipement des véhicules commerciaux avec des technologies spécialisées. L'objectif du partenariat est d'élargir la disponibilité des véhicules commerciaux électriques aux flottes spécialisées et d'intégrer des équipements avancés pour diverses applications. PMC est autorisée à vendre des véhicules à l'échelle nationale à travers son réseau de concessionnaires et directement aux clients.
Workhorse Group hat eine Partnerschaft mit Progress Manufacturing Company (PMC) als zertifizierten Händler für spezialisierte Zweitproduktion bekannt gegeben. PMC hat eine Bestellung für den W56 step van und den W4 CC cab chassis von Workhorse als Vorführmodelle aufgegeben. Diese Fahrzeuge werden die mobilen DC-Schnelllader von EnviroCharge präsentieren und bieten Lösungen für die Elektrofahrzeugladung von Flotten, die nicht ans Stromnetz angeschlossen sind.
In der Nähe der Produktionsstätte von Workhorse in Union City, Indiana, ist PMC auf die Ausstattung von Nutzfahrzeugen mit spezialisierten Technologien spezialisiert. Ziel der Partnerschaft ist es, die Verfügbarkeit von elektrischen Nutzfahrzeugen für spezialisierte Flotten zu erweitern und fortschrittliche Geräte für verschiedene Anwendungen zu integrieren. PMC ist lizenziert, Fahrzeuge national über ihr Händlernetzwerk und direkt an Kunden zu verkaufen.
- New dealer partnership expanding distribution network
- Received purchase order for W56 and W4 CC demonstration units
- Integration capabilities with EnviroCharge's mobile DC fast chargers expanding product applications
- None.
Insights
The partnership with Progress Manufacturing Company (PMC) represents a strategic expansion but with immediate financial impact given Workhorse's current market position. The initial purchase order for demo units of W56 and W4 CC vehicles is modest, though it could lead to future sales through PMC's dealer network. The integration with EnviroCharge's mobile DC fast chargers adds a unique selling proposition for specialized fleet applications, particularly in off-grid scenarios. However, with Workhorse's small market cap of
The technical integration capabilities highlighted in this partnership showcase important innovations in the commercial EV space. The combination of Workhorse's electric vehicles with EnviroCharge's mobile DC fast charging technology addresses a critical infrastructure gap for fleet operators in remote locations. This solution could potentially remove a significant barrier to EV adoption in specialized commercial applications. The W56 step van and W4 CC cab chassis platforms demonstrate versatility for custom upfitting, which is essential for penetrating diverse market segments. However, the success of these technical integrations will ultimately depend on real-world performance and reliability, areas where Workhorse still needs to build a stronger track record.
Progress Manufacturing Company (PMC) has become a Workhorse dealer, expanding the availability of electric commercial vehicles to specialized fleets.
The partnership enables integration of equipment from EnviroCharge for specialized applications.
PMC has signed a purchase order for Workhorse’s W56 and W4 CC vehicles which will become demo models.
CINCINNATI, Dec. 10, 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 that Progress Manufacturing Company LLC (PMC) has joined its growing dealer network. PMC is a second-stage manufacturer and distributor specializing in equipping commercial vehicles with highly specialized technology.
As part of this partnership, Progress Manufacturing has signed a purchase order for a Workhorse W56 step van and W4 CC cab chassis, which will be used as demonstration units by their contracted sales team. Both will showcase EnviroCharge’s mobile DC fast chargers, providing a groundbreaking solution for off-grid fleet EV charging using clean energy sources.
EnviroCharge, based in Sacramento, California, delivers mobile and stationary fast charging solutions that are essential for EV fleets operating in off-grid or remote locations. These integrations highlight the diverse operational capabilities of Workhorse vehicles.
“Partnering with PMC to deploy new, enabling technologies for customer applications aligns perfectly with our strategies of building a strong, American manufacturing base in Union City, Indiana, and growing the market for our electric vehicle platforms by having the largest network of OEM upfit partners in the industry,” said Ryan Gaul, Workhorse President of Commercial Vehicles. “This collaboration demonstrates the adaptability of Workhorse's zero-emission platforms, offering solutions that elevate fleet performance while addressing unique operational needs.”
Rob Lykins, Founder and Owner of PMC added, “Becoming a Workhorse dealer is an exciting milestone for us. We’re excited to work with Workhorse because their electric vehicles are as versatile as they are reliable. The W56 and W4 CC provide a strong foundation for the advanced equipment we integrate, giving our customers innovative all-electric solutions that redefine what’s possible in their industries.”
Progress Manufacturing Company, located in Union City, Indiana, near Workhorse's manufacturing facility, specializes in upfitting vehicles with purpose-built solutions that extend beyond traditional upfitting. Their work expands the functionality of Workhorse’s zero-emission vehicles for industries such as last-mile delivery, EV fleet operations, and utility applications. Licensed to sell vehicles nationally, PMC will distribute these vehicles through an extended dealer network and directly to customers.
About Progress Manufacturing Company LLC
Progress Manufacturing Company LLC (PMC) is a contract manufacturer located in Progress Industrial Park in Union City, Indiana next to the Workhorse Ranch. With over 130,000 square feet of manufacturing space, PMC has many diverse capabilities including custom upfitting, assembly, design, distribution, transportation and special vehicle integration on many truck and chassis platforms. PMC’s experienced, talented staff and workforce offer years of experience and ample capacity to support its growing customer base. For more information, visit www.envirocharge.tech or call 765-969-0807.
About Workhorse Group Inc.
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
The discussions in this press release contain 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 press release, the words “anticipate,” “expect,” “plan,” “believe,” “seek,” “estimate,” and similar expressions are intended to identify forward-looking statements and relate to future periods. These are statements that involve substantial risks and uncertainties, including our ability to timely deliver the W56 step van and W4 CC cab chassis applicable to the purchase order and conditions to delivery and acceptance thereof. Forward-looking statements are statements that are not historical facts and 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:
Tom Colton and Greg Bradbury
Gateway Group
949-574-3860
WKHS@gateway-grp.com
FAQ
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