Workhorse Group Reaches 10 Million Mile Threshold on E-GEN Platform, Showcasing Engineering Excellence in Electric Commercial Vehicles
Workhorse Group (Nasdaq: WKHS) announced its E-GEN electric vehicle platform has reached a significant milestone of 10 million cumulative miles. The E-GEN platform, manufactured in Union City, Indiana from 2015-2018, demonstrates the company's engineering prowess with over 200 trucks still in active service.
The experience and innovations from the E-GEN platform have directly influenced the development of Workhorse's flagship W56 platform. The W56 step van features a class-leading payload capacity, advanced safety features, and a range of up to 150 miles, designed for last-mile delivery and medium-duty fleet operations. The company has recently expanded the W56 platform to include an extended wheelbase version to accommodate diverse customer needs.
Workhorse Group (Nasdaq: WKHS) ha annunciato che la sua piattaforma di veicoli elettrici E-GEN ha raggiunto un traguardo significativo di 10 milioni di miglia cumulative. La piattaforma E-GEN, prodotta a Union City, Indiana, dal 2015 al 2018, dimostra le capacità ingegneristiche dell'azienda con oltre 200 camion ancora in servizio attivo.
L'esperienza e le innovazioni della piattaforma E-GEN hanno influenzato direttamente lo sviluppo della piattaforma di punta di Workhorse, il W56. Il furgone W56 presenta una capacità di carico leader di categoria, caratteristiche di sicurezza avanzate e un'autonomia fino a 150 miglia, progettato per le consegne dell'ultimo miglio e le operazioni di flotte medie. L'azienda ha recentemente ampliato la piattaforma W56 per includere una versione a passo allungato per soddisfare le diverse esigenze dei clienti.
Workhorse Group (Nasdaq: WKHS) anunció que su plataforma de vehículos eléctricos E-GEN ha alcanzado un hito significativo de 10 millones de millas acumuladas. La plataforma E-GEN, fabricada en Union City, Indiana, de 2015 a 2018, demuestra la destreza ingenieril de la compañía con más de 200 camiones aún en servicio activo.
La experiencia y las innovaciones de la plataforma E-GEN han influido directamente en el desarrollo de la plataforma insignia de Workhorse, el W56. El furgón W56 cuenta con una capacidad de carga líder en su clase, características avanzadas de seguridad y un alcance de hasta 150 millas, diseñado para la entrega de última milla y operaciones de flotas de media carga. La empresa ha ampliado recientemente la plataforma W56 para incluir una versión de distancia entre ejes extendida que se adapta a diversas necesidades de los clientes.
워크호스 그룹 (Nasdaq: WKHS)는 자사의 전기차 플랫폼 E-GEN이 1천만 마일 누적이라는 중요한 이정표에 도달했다고 발표했습니다. 2015년부터 2018년까지 인디애나주 유니온 시티에서 제작된 E-GEN 플랫폼은 200대 이상의 트럭이 여전히 활발히 운행되고 있어 회사의 엔지니어링 기술력을 보여줍니다.
E-GEN 플랫폼의 경험과 혁신은 워크호스의 플래그십 W56 플랫폼 개발에 직접적인 영향을 미쳤습니다. W56 스텝 밴은 업계 최고 수준의 적재 용량, 고급 안전 기능, 최대 150마일의 주행 거리를 제공하며, 마지막 마일 배송 및 중형 배치 운영을 위해 설계되었습니다. 회사는 최근 다양한 고객의 요구를 수용하기 위해 휠베이스를 확장한 W56 플랫폼 버전을 추가했습니다.
Workhorse Group (Nasdaq: WKHS) a annoncé que sa plateforme de véhicules électriques E-GEN a atteint un jalon significatif de 10 millions de miles cumulés. La plateforme E-GEN, fabriquée à Union City, Indiana, entre 2015 et 2018, démontre le savoir-faire technique de l'entreprise avec plus de 200 camions toujours en service actif.
L'expérience et les innovations de la plateforme E-GEN ont directement influencé le développement de la plateforme phare de Workhorse, le W56. Le fourgon W56 offre une capacité de charge leader sur le marché, des fonctionnalités de sécurité avancées et une autonomie allant jusqu'à 150 miles, conçu pour les livraisons de dernier kilomètre et les opérations de flotte de moyenne capacité. L'entreprise a récemment élargi la plateforme W56 pour inclure une version à empattement prolongé afin de répondre aux divers besoins des clients.
Workhorse Group (Nasdaq: WKHS) hat bekannt gegeben, dass ihre E-GEN-Elektrofahrzeugplattform einen bedeutenden Meilenstein von 10 Millionen kumulierten Meilen erreicht hat. Die E-GEN-Plattform, die von 2015 bis 2018 in Union City, Indiana, hergestellt wurde, zeigt die Ingenieurskunst des Unternehmens mit über 200 Lkw, die noch aktiv im Einsatz sind.
Die Erfahrungen und Innovationen der E-GEN-Plattform haben die Entwicklung der Flaggschiffplattform von Workhorse, der W56-Plattform, direkt beeinflusst. Der W56-Stufenwagen verfügt über eine branchenführende Nutzlastkapazität, fortschrittliche Sicherheitsmerkmale und eine Reichweite von bis zu 150 Meilen, die für die letzte Meile Lieferung und Mittelklasse-Flottenbetrieb ausgelegt ist. Das Unternehmen hat kürzlich die W56-Plattform um eine Version mit verlängertem Radstand erweitert, um den unterschiedlichen Bedürfnissen der Kunden gerecht zu werden.
- Over 200 E-GEN trucks still in active service after 7-10 years
- W56 platform achieves range of up to 150 miles
- Product line expansion with extended wheelbase W56 version
- E-GEN platform production ended in 2018 with no reported new production figures
Insights
The 10 million mile milestone for Workhorse's E-GEN platform provides important validation of their electric commercial vehicle technology, but requires careful context for investors. The survival rate of over 200 E-GEN vehicles after 7-10 years of service is particularly noteworthy in the commercial EV sector, where durability concerns often hinder adoption.
The technology transfer to the W56 platform demonstrates valuable institutional learning, with improvements in critical areas like payload capacity and range. However, this achievement must be weighed against several market realities:
- The commercial EV sector has evolved significantly since E-GEN's launch, with major OEMs now offering competing products with substantial backing
- Workhorse's sub-
$24M market capitalization raises serious concerns about manufacturing scalability and ability to compete with better-capitalized rivals - While the W56's 150-mile range meets many fleet requirements, the platform enters a market where established players like Ford and Rivian are rapidly gaining market share
The extended wheelbase version of the W56 shows promising adaptability to diverse fleet needs, but the company's ability to capitalize on this engineering success remains uncertain given its financial constraints. The dealer network distribution model could provide scalability, but requires significant working capital for inventory and support infrastructure.
E-GEN vehicles recently surpassed 10 million cumulative miles, proving the platform’s durability and reliability in real-world conditions.
Insights and innovations from the E-GEN platform have directly shaped the development of the W56, raising the bar for durability and performance in the commercial EV market.
CINCINNATI, Jan. 28, 2025 (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 that its E-GEN electric vehicle platform has surpassed 10 million cumulative miles. This milestone underscores Workhorse’s commitment to engineering durable, reliable electric vehicles.
Launched nearly a decade ago, the E-GEN platform marked Workhorse's entry into the commercial electric vehicle market and laid the foundation for the Company’s engineering evolution. Manufactured in Union City, Indiana from 2015-2018, the Workhorse E-GEN platform remains a testament to long-lasting design, with over 200 trucks still in active service. These vehicles have collectively logged more than 10 million miles, reflecting the quality and reliability that have become hallmarks of Workhorse’s approach to vehicle development.
Subsequent vehicle designs have incorporated key advancements in technology, performance, and durability. These innovations have led directly to the Company’s flagship W56 platform, which embodies years of engineering refinement to meet the rigorous demands of modern last-mile delivery and medium-duty fleet operations.
“The journey from the E-GEN platform to the W56 truly highlights Workhorse's leadership in zero-emission commercial transportation,” said Josh Anderson, Chief Technology Officer at Workhorse. “By constantly improving its technology and learning from its vehicles, Workhorse is setting new standards for reliable, durable, sustainable solutions that meet the needs of today's fleet operators.”
Customers and partners have praised the
Recently, Workhorse expanded the W56 platform to include an extended wheelbase version, further demonstrating its adaptability to meet the diverse needs of a wide range of customers. The W56 is available now through the company’s national dealer network. Learn more at workhorse.com/w56.
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. 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
How many miles has Workhorse's (WKHS) E-GEN platform achieved in total?
What is the driving range of Workhorse's (WKHS) W56 electric vehicle?
When did Workhorse (WKHS) manufacture the E-GEN platform?
How many E-GEN trucks from Workhorse (WKHS) are still in active service?
What new variant of the W56 has Workhorse (WKHS) recently introduced?
