The rising price of Workhorse Group stock, helped by GM’s positive statements, has allowed the company to raise $25 million to meet production targets on electric-powered step vans.
Workhorse Group founder Steve Burns has no known investors, but GM picked his plan to make commercial electric pickups at its idled Lordstown complex.
Remaking the shuttered General Motors Lordstown Complex into an electric truck plant requires serial entrepreneur Steve Burns to find investors and land a big contract.
Workhorse Group stock surged and trading halted after President Donald Trump tweeted that the tiny company would buy General Motors’ shuttered Lordstown Assembly Complex.
Financial setbacks and executive changes have delayed Workhorse Group electric vans and pickup truck production as the company shifts its focus to production over innovation.
Workhorse begins producing lightweight electric step van with 100-mile range and 6,000-pound payload for UPS and other customers.
Shipping giant UPS said it will buy 950 electric delivery trucks from Workhorse Group in what looks to be a key order for the electric vehicle startup.
An integrated axle developed by Dana Inc. increases the efficiency of Workhorse Group’s Class 5 electric vans by 14 percent.
Electric truck maker Workhorse says it will begin commercial testing of its new N-Gen drone-carrying delivery van early next year.
Electric trucks move closer to the mainstream at the 2019 Work Truck Show, where the latest for multiple vocations will be displayed.
With more than 15,000 orders and advance reservations for battery- and fuel cell electric trucks and buses, 2018 looks to be the launch pad year for commercial vehicle electrification.