Workhorse Partners with Progress Manufacturing Company as Certified Dealer for Specialized Second-Stage Manufacturing
Workhorse Group has announced a new partnership with Progressive Manufacturing Company (PMC) as a certified dealer. PMC, a second-stage manufacturer specializing in equipping commercial vehicles with specialized technology, has placed a purchase order for Workhorse's W56 step van and W4 CC cab chassis as demonstration units.
The 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 will distribute these vehicles nationally through their dealer network and directly to customers, focusing on last-mile delivery, EV fleet operations, and utility applications.
Workhorse Group ha annunciato una nuova partnership con Progressive Manufacturing Company (PMC) come rivenditore certificato. PMC, un produttore di seconda fase specializzato nell'equipaggiamento dei veicoli commerciali con tecnologie specializzate, ha effettuato un ordine di acquisto per il W56 step van e il W4 CC cab chassis di Workhorse come unità dimostrative.
I veicoli metteranno in mostra i caricabatterie DC veloci mobili di EnviroCharge, fornendo soluzioni di ricarica per veicoli elettrici (EV) fuori rete. Situata vicino allo stabilimento di produzione di Workhorse a Union City, Indiana, PMC distribuirà questi veicoli a livello nazionale attraverso la propria rete di concessionari e direttamente ai clienti, concentrandosi sulla consegna dell'ultimo miglio, sulle operazioni delle flotte EV e sulle applicazioni per le utility.
Workhorse Group ha anunciado una nueva asociación con Progressive Manufacturing Company (PMC) como distribuidor certificado. PMC, un fabricante de segunda etapa especializado en equipar vehículos comerciales con tecnología especializada, ha realizado un pedido de compra para el W56 step van y el W4 CC cab chassis de Workhorse como unidades de demostración.
Los vehículos mostrarán los cargadores rápidos móviles DC de EnviroCharge, proporcionando soluciones de carga para flotas de EV fuera de la red. Ubicada cerca de la instalación de fabricación de Workhorse en Union City, Indiana, PMC distribuirá estos vehículos a nivel nacional a través de su red de concesionarios y directamente a los clientes, centrándose en la entrega de última milla, las operaciones de flotas de EV y las aplicaciones para servicios públicos.
Workhorse Group는 Progressive Manufacturing Company (PMC)와 인증된 딜러로서 새로운 파트너십을 발표했습니다. PMC는 상업용 차량에 특수 기술을 장착하는 2단계 제조업체로, Workhorse의 W56 스텝 밴과 W4 CC 캡 섀시에 대한 구매 주문을 시연용으로 발주했습니다.
이 차량들은 EnviroCharge의 모바일 DC 고속 충전기를 시연하며, 오프 그리드 전기차(EV) 충전 솔루션을 제공합니다. 인디애나주 유니언 시티에 위치한 Workhorse의 제조 시설 근처에 있는 PMC는 이러한 차량을 전국적으로 딜러 네트워크를 통해 직접 고객에게 배포할 예정이며, 마지막 마일 배송, EV 플릿 운영 및 공공사업 응용에 중점을 두고 있습니다.
Workhorse Group a annoncé un nouveau partenariat avec Progressive Manufacturing Company (PMC) en tant que revendeur certifié. PMC, un fabricant de deuxième niveau spécialisé dans l'équipement des véhicules commerciaux avec des technologies spécialisées, a passé une commande d'achat pour le W56 step van et le W4 CC cab chassis de Workhorse comme unités de démonstration.
Les véhicules mettront en avant les chargeurs rapides mobiles DC d'EnviroCharge, fournissant des solutions de charge pour les flottes de VE hors réseau. Située près de l'usine de fabrication de Workhorse à Union City, Indiana, PMC distribuera ces véhicules à l'échelle nationale via son réseau de revendeurs et directement aux clients, en se concentrant sur la livraison du dernier kilomètre, les opérations de flotte de VE et les applications pour services publics.
Workhorse Group hat eine neue Partnerschaft mit Progressive Manufacturing Company (PMC) als zertifizierten Händler bekannt gegeben. PMC, ein Hersteller der zweiten Stufe, der sich auf die Ausstattung von Nutzfahrzeugen mit spezialisierten Technologien spezialisiert hat, hat eine Bestellung für den W56 step van und das W4 CC cab chassis von Workhorse als Demonstrationseinheiten aufgegeben.
Die Fahrzeuge werden die mobilen DC-Schnellladegeräte von EnviroCharge präsentieren und Lösungen für das Laden von Elektrofahrzeugen (EV) außerhalb des Stromnetzes anbieten. In der Nähe der Produktionsstätte von Workhorse in Union City, Indiana, wird PMC diese Fahrzeuge über sein Händlernetzwerk und direkt an Kunden vertreiben, mit Fokus auf die letzte Meile, die EV-Flottenbetriebe und Anwendungen für Versorgungsunternehmen.
- Expansion of dealer network through new partnership
- Secured purchase order for W56 and W4 CC demonstration units
- Integration of specialized EnviroCharge technology enhancing product offerings
- National distribution capability through PMC's extended dealer network
- None.
Insights
The partnership with Progressive Manufacturing Company marks a strategic expansion of Workhorse's dealer network, though the immediate financial impact appears The initial purchase order for demonstration units (W56 and W4 CC) represents modest volume, but the real value lies in the potential for specialized fleet sales and EnviroCharge integration capabilities. With a market cap of just
The proximity of PMC to Workhorse's Union City facility could yield operational efficiencies, while the national distribution license opens broader market access. However, given Workhorse's current financial position and intense competition in the EV space, investors should monitor actual sales conversion from this partnership rather than just the partnership announcement itself.
This dealer partnership addresses two critical market needs: specialized fleet customization and mobile charging solutions. The integration of EnviroCharge's mobile DC fast chargers particularly targets a growing pain point in commercial EV adoption - charging infrastructure in remote locations. This could help Workhorse differentiate its offering in the competitive commercial EV space.
However, the commercial EV market remains challenging, with established players and new entrants vying for market share. While the partnership enhances Workhorse's value proposition, the company needs to demonstrate substantial order flow and revenue generation to validate its market position. The focus on second-stage manufacturing capabilities could help capture higher-margin specialized fleet opportunities, but execution will be key.
Progressive 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 Progressive 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, Progressive 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.”
Progressive 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
What is the new partnership announced by Workhorse (WKHS)?
What vehicles did Progressive Manufacturing Company order from Workhorse (WKHS)?
What technology will be integrated into Workhorse (WKHS) vehicles through the PMC partnership?
Where will Progressive Manufacturing Company distribute Workhorse (WKHS) vehicles?
