EBike Work Horse

Tuesday, 15 October 2024 12:25 PM Workhorse Group Inc. has announced that its 208-inch extended wheelbase version of the W56 step van has achieved FMVSS and HVIP certifications, validating its safety and environmental compliance. The model is now in full production at Workhorses Union City, Indiana facility, with deliveries expected in Q4 2024. This development addresses the growing demand for larger, zero-emission delivery vehicles.

Sunday, 15 September 2024 08:17 AM FedEx has ordered 15 more Workhorse W56 electric step vans after a successful pilot program. The W56 is designed for commercial-scale last-mile delivery operations, offering superior efficiency, lower operational costs, and reduced air pollution. FedEx aims to transition its global parcel pickup and delivery fleet to all zero-tailpipe emissions vehicles by 2040. I think this is a significant step towards a more sustainable delivery fleet.

Tuesday, 20 August 2024 08:24 AM Workhorse Group reported sales of $0.8 million for the second quarter of 2024, down from $4.0 million in the same period last year. Despite the financial challenges, the company is advancing its EV product roadmap and has secured new orders, including 141 W4 CC cab chassis vehicles from Kingsburg Truck Sales. I think the company is making the right moves but needs to accelerate its sales to stay afloat.

Wednesday, 03 July 2024 01:14 PM Workhorse Group Inc. has regained compliance with the NASDAQ minimum bid price requirement of $1.00 per share following a 1-for-20 reverse stock split. This move helps the company avoid delisting from the NASDAQ. I believe this is a temporary fix, and the company needs to focus on generating more revenue to sustain itself.