GP - Workhorse Group and GreenPower Motor partner to supply commercial EVs in North America

Workhorse Group (NASDAQ:WKHS) and GreenPower Motor Company (NASDAQ:GP) have signed a multi-year supply deal for the delivery of all-electric medium-duty Class 4 step vans into the North American market. The contract will see GreenPower delivering its 1,500 EV Star cab and chassis to Workhorse that will be used in the production of Workhorse’s new Class 4 W750 step van line during the 21-month schedule.  Chassis delivery will begin in July 2022 with vans expected to enter production in Q3 2022. Through this deal, Workhorse will have exclusive rights in the U.S. and Canada to sell Class 4 step vans based on the GreenPower-supplied base vehicle.  WKHS stock is up 9% in premarket trading; GP is up 6%. The news come right ahead the Workhorse's earnings report due in early session on Tuesday.

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Workhorse Group and GreenPower Motor partner to supply commercial EVs in North America