- Workhorse Group Inc. (Nasdaq: WKHS) announced that its C-Series all-electric delivery trucks have achieved an industry-leading range. These are the details.
Workhorse Group Inc. (Nasdaq: WKHS) — a technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector — announced that its C-Series all-electric delivery trucks have achieved an industry-leading range. And new data from testing showed that Workhorse’s 2020 model year C-1000 Extended Range achieved a maximum of approximately 160 miles per charge under urban situations.
Back in July, Workhorse announced that it had been awarded Executive Order: A-445-0003 from the California Air Resources Board (CARB) — which designates the C-Series trucks as zero-emission vehicles in the state of California. And as part of the Executive Order approval process, each vehicle under consideration was required to be tested through the Environmental Protection Agency’s (EPA) prescribed Urban Driving Cycle and Highway Driving Cycle.
“Achieving a 160-mile range has been a goal of ours and the last-mile delivery sector at large for quite some time as it significantly expands the addressable market for our solutions. As the only purpose-built last-mile EV delivery truck with a light-weighting design, we are competitively positioned to be more efficient with a smaller battery pack configuration compared to other EVs and can handle the stop-and-start nature of last-mile delivery more effectively than traditional ICEs. By extending vehicle range and keeping production costs in line with competitors, we have opened up an extended range of possibilities in suburban and rural locations. Additionally and equally important, the related charging and infrastructure costs are now lowered, which will further reduce the total cost of ownership for potential customers,” said Workhorse CEO Duane Hughes.
Disclosure: I own a small number of Workhorse shares in my portfolio
