Workhorse W56 and W750 Electric Step Vans Approved for Sale in Canada
Workhorse Group (Nasdaq: WKHS) has received approval for the importation and sale of its W56 and W750 electric step vans in Canada through the Appendix G Pre-clearance Program. Transport Canada has validated the vehicles' compliance with Canadian Motor Vehicle Safety Standards (CMVSS).
The approval enables Canadian import dealers to distribute these zero-emission commercial vehicles nationwide. The company plans to begin on-road testing with a last-mile delivery fleet in Canada by Q2 2025. This expansion marks a significant milestone for Workhorse's distribution and service network in the Canadian market, where there is strong interest from fleets seeking to transition to zero-emission vehicles.
Workhorse Group (Nasdaq: WKHS) ha ricevuto l'approvazione per l'importazione e la vendita dei suoi furgoni elettrici W56 e W750 in Canada attraverso il Programma di Pre-approvazione Appendix G. Trasporti Canada ha convalidato la conformità dei veicoli agli Standard di Sicurezza dei Veicoli a Motore Canadesi (CMVSS).
L'approvazione consente ai concessionari di importazione canadesi di distribuire questi veicoli commerciali a zero emissioni in tutto il paese. L'azienda prevede di iniziare i test su strada con una flotta di consegna dell'ultimo miglio in Canada entro il secondo trimestre del 2025. Questa espansione segna un traguardo significativo per la rete di distribuzione e servizio di Workhorse nel mercato canadese, dove c'è un forte interesse da parte delle flotte che cercano di passare a veicoli a zero emissioni.
Workhorse Group (Nasdaq: WKHS) ha recibido la aprobación para la importación y venta de sus furgones eléctricos W56 y W750 en Canadá a través del Programa de Pre-aprobación del Apéndice G. Transporte Canadá ha validado la conformidad de los vehículos con los Estándares de Seguridad de Vehículos Motorizados de Canadá (CMVSS).
La aprobación permite a los concesionarios de importación canadienses distribuir estos vehículos comerciales de cero emisiones en todo el país. La empresa planea comenzar las pruebas en carretera con una flota de entrega de última milla en Canadá para el segundo trimestre de 2025. Esta expansión marca un hito significativo para la red de distribución y servicio de Workhorse en el mercado canadiense, donde hay un gran interés por parte de las flotas que buscan hacer la transición a vehículos de cero emisiones.
워크호스 그룹 (Nasdaq: WKHS)는 W56 및 W750 전기 스텝 밴의 수입 및 판매에 대한 승인을 캐나다에서 부록 G 사전 승인 프로그램을 통해 받았습니다. 캐나다 교통부는 차량이 캐나다 자동차 안전 기준(CMVSS)을 준수한다는 것을 확인했습니다.
이 승인은 캐나다의 수입 딜러가 이 제로 배출 상업용 차량을 전국적으로 유통할 수 있게 합니다. 이 회사는 2025년 2분기까지 캐나다에서 마지막 마일 배송 플릿과 함께 도로 테스트를 시작할 계획입니다. 이번 확장은 제로 배출 차량으로 전환하려는 플릿의 강한 관심이 있는 캐나다 시장에서 워크호스의 유통 및 서비스 네트워크에 중요한 이정표가 됩니다.
Workhorse Group (Nasdaq: WKHS) a reçu l'approbation pour l'importation et la vente de ses fourgonnettes électriques W56 et W750 au Canada via le Programme de pré-approbation de l'Annexe G. Transports Canada a validé la conformité des véhicules aux Normes canadiennes de sécurité des véhicules automobiles (CMVSS).
Cette approbation permet aux concessionnaires d'importation canadiens de distribuer ces véhicules commerciaux à zéro émission à l'échelle nationale. L'entreprise prévoit de commencer les tests sur route avec une flotte de livraison du dernier kilomètre au Canada d'ici le deuxième trimestre 2025. Cette expansion marque une étape importante pour le réseau de distribution et de service de Workhorse sur le marché canadien, où il y a un fort intérêt de la part des flottes cherchant à passer à des véhicules à zéro émission.
Workhorse Group (Nasdaq: WKHS) hat die Genehmigung für die Einfuhr und den Verkauf seiner W56 und W750 Elektro-Transporter in Kanada durch das Appendix G Vorabgenehmigungsprogramm erhalten. Transport Kanada hat die Konformität der Fahrzeuge mit den kanadischen Sicherheitsstandards für Kraftfahrzeuge (CMVSS) bestätigt.
Die Genehmigung ermöglicht es kanadischen Importhändlern, diese emissionsfreien Nutzfahrzeuge landesweit zu vertreiben. Das Unternehmen plant, bis zum zweiten Quartal 2025 Straßentests mit einer letzten Meilenlieferflotte in Kanada zu beginnen. Diese Expansion stellt einen bedeutenden Meilenstein für das Vertriebs- und Servicenetzwerk von Workhorse auf dem kanadischen Markt dar, wo großes Interesse von Flotten besteht, die auf emissionsfreie Fahrzeuge umsteigen möchten.
- Obtained regulatory approval for vehicle sales in Canada, expanding market reach
- Access to new Canadian market amid strong fleet interest
- Planned on-road testing with delivery fleet starting Q2 2025
- Strategic alignment with Canada's net-zero emissions goals
- No immediate revenue impact until Q2 2025 testing phase
- Additional investment needed to expand dealer network in Canada
Insights
Workhorse's announcement of Canadian regulatory approval for its W56 and W750 electric step vans represents a potential lifeline for a company in dire financial straits. With a micro-cap valuation of just
The Transport Canada approval removes one significant barrier to market entry, potentially giving Workhorse access to Canada's emissions-conscious commercial fleet market. However, this development must be viewed within the context of Workhorse's challenging reality:
- The company has a history of production delays and delivery shortfalls
- No specific orders or financial projections accompany this announcement
- Demo testing "no later than Q2 2025" indicates revenue impact is not immediate
- Building a Canadian dealer network requires capital investment the company may struggle to fund
- Vague references to "strong interest" lack binding commitments
Workhorse faces entrenched competition from both traditional OEMs expanding into electric commercial vehicles and better-capitalized EV specialists. The company must demonstrate it can convert regulatory approval into firm orders and then successfully execute production and delivery at scale - capabilities it has struggled with historically.
While Canadian market access theoretically expands Workhorse's addressable market, investors should question whether the company has sufficient financial resources to capitalize on this opportunity before facing potential liquidity challenges.
The Workhorse W56 and W750 all-electric step vans are now eligible for importation and sale in Canada through the Appendix G Pre-clearance Program.
Transport Canada has reviewed the Company’s documentation for compliance with CMVSS, Canada’s rigorous safety standards for commercial vehicles.
Strong interest from Canadian last-mile delivery fleets highlights the demand for sustainable transportation solutions, with demo trucks set to begin on-road testing no later than the second quarter of 2025.
CINCINNATI, Feb. 26, 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 its W56 and W750 electric step vans have been approved for importation and sale in Canada. Workhorse has completed registration as a foreign manufacturer under Transport Canada’s Appendix G pre-clearance program, allowing Canadian import dealers to bring Workhorse W56 and W750 step vans into the country and sell them nationwide. As part of the process, Transport Canada completed a review of the Company’s documentation validating Canadian Motor Vehicle Safety Standards (CMVSS) compliance of both vehicles.
This development marks a significant milestone for Workhorse as the Company expands its distribution and service network footprint to support the demand for sustainable commercial vehicles in the Canadian market. With Canada’s commitment to achieving net-zero emissions and the adoption of clean transportation solutions, Workhorse’s electric step vans are ideally suited to support businesses transitioning to zero-emission fleets. On-road testing of demo trucks with a last-mile delivery fleet in Canada is set to begin no later than the second quarter of 2025, further demonstrating the real-world capabilities of Workhorse vehicles.
“This is a major step forward for Workhorse,” said Josh Anderson, Workhorse Chief Technology Officer. “Pre-clearance from Transport Canada opens up a large new market for our products throughout Canada, including with fleets that operate across borders in North America. We’re excited that our electric step vans can now reach Canadian roads and highways, providing reliable, zero-emission solutions that customers can depend on.”
Workhorse has seen strong interest from Canadian fleets eager to add medium-duty commercial EV trucks to their portfolios. With both the W56 and W750 now certified, Workhorse is preparing for a seamless entry into the Canadian market, bringing proven real-world performance, operational efficiency, and its best-in-class service and support network. Workhorse is actively exploring opportunities to expand its dealer network to better serve customers across Canada.
For more information about Workhorse and its full lineup of commercial EVs, including the W56 and W750, visit www.workhorse.com.
About Workhorse Group Inc.
Workhorse Group Inc. (NASDAQ: WKHS) is a technology company focused on pioneering the transition to zero-emission commercial vehicles. Workhorse designs and builds its vehicles in the United States at the Workhorse Ranch in Union City, Indiana. The company’s best-in-class vehicles are designed for last-mile delivery, medium-duty operations, and a growing range of specialized applications. For more information, visit www.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. 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:
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Gateway Group
949-574-3860
WKHS@gateway-grp.com
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