2023-06-27 10:19:32 ET
Workhorse Group ( NASDAQ: WKHS ) announced on Tuesday that it started production of the W750 at its manufacturing facility in Union City, Indiana. The all-electric Class 4 work van features a payload capacity of 5K pounds and a driving range of 150 miles through a 118 kWh battery.
The Ohio-based company also announced it has entered into a partnership with Smyrna Truck to be its first certified electric vehicle dealer in Georgia.
"The milestones we are announcing today reflect the important progress we are making advancing our product roadmap and executing our strategic growth plans," noted Workhorse CEO Rick Dauch. He said the company is looking forward to partnering with the Smyrna Truck team, who share the company's goal of delivering safe, reliable electric vehicles to customers.
Workhorse Group ( WKHS ) said it launched the certified dealer program in March as an initiative to develop an official network of verified dealers that have passed the protocols necessary to safely repair and maintain the electric components of the company’s vehicles.
Shares of Workhorse Group ( WKHS ) fell 8.21% in early trading on Tuesday. The electric vehicle stock still has a short interest level of more than 25% of total float.
More on Workhorse Group:
- Workhorse Group earnings call transcript
- Growth metrics on Workhorse Group
- Seeking Alpha's Quant Rating for Workhorse Group
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Workhorse Group announces electric vehicle milestones as it pushes ahead with product rollout