Workhorse W56 Extended Wheelbase Model Achieves FMVSS and HVIP Certification, Now in Full Production for Q4 2024 Deliveries
Workhorse Group Inc. (Nasdaq: WKHS) has announced that its 208-inch extended wheelbase version of the all-electric W56 step van has achieved FMVSS certification and received HVIP certification. These certifications validate the vehicle's safety and environmental compliance. The extended wheelbase W56 is now in full production at Workhorse's Union City, Indiana facility, with deliveries expected in Q4 2024.
The W56 offers a payload capacity of up to 10,000 pounds and a range of up to 150 miles on a single charge. With over 100 enhancements from the original 178-inch model, the 208-inch W56 is designed for last-mile delivery operations, including parcels and laundry services. The extended wheelbase model addresses market demand for larger cargo-volume requirements while maintaining the benefits of the efficient and robust platform.
Workhorse Group Inc. (Nasdaq: WKHS) ha annunciato che la sua versione a passo allungato di 208 pollici del furgone elettrico W56 ha ottenuto la certificazione FMVSS e ha ricevuto la certificazione HVIP. Queste certificazioni convalidano la sicurezza del veicolo e la conformità ambientale. Il W56 a passo allungato è ora in produzione completa presso l'impianto di Workhorse a Union City, Indiana, con consegne previste per il quarto trimestre del 2024.
Il W56 offre una capacità di carico di fino a 10.000 libbre e un autonomia di fino a 150 miglia con una singola ricarica. Con oltre 100 miglioramenti rispetto al modello originale da 178 pollici, il W56 a 208 pollici è progettato per operazioni di consegna dell'ultimo miglio, inclusi pacchi e servizi di lavanderia. Il modello a passo allungato risponde alla domanda del mercato per requisiti di volume di carico più ampi, mantenendo i vantaggi della piattaforma efficiente e robusta.
Workhorse Group Inc. (Nasdaq: WKHS) ha anunciado que su versión de 208 pulgadas con distancia entre ejes extendida del furgón eléctrico W56 ha obtenido la certificación FMVSS y la certificación HVIP. Estas certificaciones validan la seguridad del vehículo y su cumplimiento ambiental. El W56 con distancia entre ejes extendida ya está en producción completa en la planta de Workhorse en Union City, Indiana, con entregas esperadas para el cuarto trimestre de 2024.
El W56 ofrece una capacidad de carga de hasta 10,000 libras y un rango de hasta 150 millas con una sola carga. Con más de 100 mejoras respecto al modelo original de 178 pulgadas, el W56 de 208 pulgadas está diseñado para operaciones de entrega de última milla, incluidos paquetes y servicios de lavandería. El modelo de distancia entre ejes extendida responde a la demanda del mercado por requisitos de volumen de carga mayores, manteniendo los beneficios de la plataforma eficiente y robusta.
워크호스 그룹 주식회사 (Nasdaq: WKHS)는 208인치 연장 휠베이스 버전의 전기 W56 스텝 밴이 FMVSS 인증과 HVIP 인증을 받았다고 발표했습니다. 이 인증은 차량의 안전성과 환경 준수를 검증합니다. 연장된 휠베이스 W56은 현재 인디애나주 유니언시티에 있는 워크호스 공장에서 전량 생산 중이며, 2024년 4분기에 배송이 예상됩니다.
W56은 최대 10,000파운드의 화물 용량과 한 번 충전으로 최대 150마일의 주행 범위를 제공합니다. 원래 178인치 모델에 비해 100개 이상의 향상이 이루어진 208인치 W56은 소형 배달 작업, 소포 및 세탁 서비스를 위한 설계되었습니다. 연장 휠베이스 모델은 더 큰 화물 용량 요구에 대한 시장의 수요를 충족하며, 효율적이고 견고한 플랫폼의 이점을 유지합니다.
Workhorse Group Inc. (Nasdaq: WKHS) a annoncé que sa version à empattement allongé de 208 pouces du fourgon électrique W56 a obtenu la certification FMVSS et la certification HVIP. Ces certifications valident la sécurité et la conformité environnementale du véhicule. Le W56 à empattement allongé est désormais en production complète à l'usine de Workhorse à Union City, dans l'Indiana, avec des livraisons prévues pour le quatrième trimestre de 2024.
Le W56 offre une capacité de charge allant jusqu'à 10 000 livres et une autonomie allant jusqu'à 150 miles avec une seule charge. Avec plus de 100 améliorations par rapport au modèle original de 178 pouces, le W56 de 208 pouces est conçu pour les opérations de livraison du dernier kilomètre, y compris les colis et les services de blanchisserie. Le modèle à empattement allongé répond à la demande du marché pour des exigences de volume de charge plus importantes tout en conservant les avantages de la plateforme efficace et robuste.
Workhorse Group Inc. (Nasdaq: WKHS) hat bekannt gegeben, dass die 208-Zoll-Version des vollelektrischen W56-Transporters mit verlängertem Radstand die FMVSS-Zertifizierung und die HVIP-Zertifizierung erhalten hat. Diese Zertifizierungen bestätigen die Sicherheit des Fahrzeugs und die Umwelterfüllung. Der W56 mit verlängertem Radstand wird nun in voller Produktion am Standort von Workhorse in Union City, Indiana hergestellt, mit Lieferungen, die für das vierte Quartal 2024 erwartet werden.
Der W56 bietet eine zulässige Nutzlast von bis zu 10.000 Pfund und eine Reichweite von bis zu 150 Meilen mit einer einzigen Ladung. Mit über 100 Verbesserungen gegenüber dem ursprünglichen 178-Zoll-Modell ist der 208-Zoll-W56 für die letzte Meile Zustelloperationen, einschließlich Pakete und Wäscheservices, konzipiert. Das Modell mit verlängertem Radstand entspricht der Marktnachfrage nach größeren Frachtvolumina, während es die Vorteile der effizienten und robusten Plattform beibehält.
- Achieved FMVSS and HVIP certifications for safety and environmental compliance
- Full production of extended wheelbase W56 underway for Q4 2024 deliveries
- Payload capacity of up to 10,000 pounds
- Range of up to 150 miles on a single charge
- Over 100 enhancements from the original model
- None.
Insights
The certification and production of Workhorse's extended wheelbase W56 model marks a significant milestone for the company's electric commercial vehicle strategy. This development addresses the growing demand for larger, zero-emission delivery vehicles, particularly in the last-mile sector. The FMVSS and HVIP certifications not only validate the vehicle's safety and environmental compliance but also potentially open doors for government incentives, enhancing its market appeal.
With a payload capacity of up to 10,000 pounds and a range of 150 miles, the W56 is well-positioned to compete in the commercial EV market. The 100+ enhancements from the original model suggest a commitment to continuous improvement, which could help Workhorse maintain a competitive edge. However, investors should note that full-scale deliveries are not expected until Q4 2024, indicating a significant lead time before potential revenue impact.
The focus on USA-based manufacturing aligns with current political and economic trends favoring domestic production, which could provide additional tailwinds for Workhorse. Overall, this development strengthens Workhorse's product lineup and market position in the evolving electric commercial vehicle space.
The extended wheelbase W56 model's entry into full production represents a important expansion of Workhorse's product range, potentially enhancing its appeal to a broader customer base in the last-mile delivery sector. The 208-inch wheelbase version complements the existing 178-inch model, offering greater cargo capacity without sacrificing the benefits of a shared platform.
From a supply chain perspective, the interchangeability of parts between the two W56 models is a significant advantage. This commonality can lead to reduced inventory costs, streamlined maintenance and improved operational efficiency for fleet operators. It also simplifies Workhorse's own supply chain management and production processes, potentially leading to cost savings and improved scalability.
The timing of deliveries in Q4 2024 suggests that Workhorse is building a robust order book, which could provide more stable revenue projections. However, this also means a considerable period before the financial impact of this product line is fully realized, requiring careful cash flow management in the interim.
The W56 208-inch extended wheelbase model has completed the certification process for FMVSS and received HVIP certification for safety and environmental compliance.
Full production of the W56 is underway at Workhorse’s Union City, Indiana facility, with deliveries expected in Q4 2024.
With over 100 enhancements to the original step van model, the extended wheelbase W56 is an ideal solution for last-mile delivery, including parcels and laundry services.
CINCINNATI, Oct. 15, 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 its 208-inch extended wheelbase version of the all-electric W56 step van has been self-certified to meet full FMVSS (Federal Motor Vehicle Safety Standards) and received HVIP (Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project) certification. These certifications not only validate the vehicle's safety and environmental compliance but also underscore Workhorse's capability of providing reliable solutions for the electric commercial vehicle market.
“Achieving FMVSS and receiving HVIP certification for our extended wheelbase W56 is a critical step in bringing this vehicle to market and delivering on our commitment to provide safe, sustainable, and high-performance electric vehicles,” said Ryan Gaul, President Commercial Vehicles at Workhorse. “The 208-inch version extends our product offering to meet larger cargo-volume requirements, while providing the same efficient and robust platform as the 178-inch version. Customers with both vehicles will benefit from easy servicing, high uptime, and interchangeable parts, reducing the complexity of operating both vehicle platforms.”
The extended wheelbase W56 is now in full production at Workhorse's manufacturing facility and is on schedule to deliver existing orders in Q4 2024. This is a significant step forward as the company ramps up its efforts to meet market demand for electric delivery vehicles. The introduction of the 208-inch wheelbase model addresses this demand by offering enhanced cargo capacity and versatility, making it an ideal choice for businesses looking to optimize their last-mile delivery operations.
Designed to meet the rigorous requirements of last-mile delivery, the 208-inch W56 boasts a payload capacity of up to approximately 10,000 pounds and a range of up to 150 miles on a single charge. With over 100 enhancements to the original 178-inch model to the new 208-inch model, including advanced safety features and improved performance metrics, the W56 elevates operational efficiency while providing a no-compromise zero-emission solution.
As the industry shifts toward zero-emission fleets, the Workhorse W56 stands out as a reliable, effective solution for businesses, especially in the parcel delivery and laundry services sectors. Workhorse remains dedicated to advancing its manufacturing capabilities in the USA, contributing to job growth and the development of innovative technologies that support a cleaner, more sustainable future.
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. 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 certifications has the Workhorse W56 extended wheelbase model received?
When will Workhorse (WKHS) begin deliveries of the W56 extended wheelbase model?
What is the payload capacity and range of the Workhorse W56 extended wheelbase model?
Where is the Workhorse W56 extended wheelbase model being manufactured?
