18 Facts About Workhorse Group

1.

Workhorse Group Incorporated, originally AMP Electric Vehicles, is an original equipment manufacturer and technology company headquartered in Cincinnati, Ohio, US Workhorse makes electric delivery vans, drones, and telematics software designed for last-mile delivery.

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2.

The report stated that Workhorse Group was being sued by some shareholders in the company, which accuses them orchestrating its USPS as part of an insider trading scheme.

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3.

On November 9,2021, Workhorse Group confirmed it's SEC and Department of Justice investigations in a regulatory filling which stated that the investigations were related to the trade of securities in the company leading up to the award of the USPS contract to Oshkosh.

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4.

Later that day, Workhorse Group issued a press release detailing a licensing agreement with Lordstown Motors for their W-15 pickup truck.

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5.

Workhorse Group was involved with the construction of Navistar's eStar electric van, until that product was cancelled in early 2013.

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6.

Workhorse Group had originally manufactured an earlier version, the W42 chassis.

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7.

In November 2016, Workhorse Group announced that they were working on an electrically powered pickup truck, called the W-15.

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8.

In March 2020, Workhorse Group confirmed that it had transferred the W-15 pickup truck project to Lordstown Motors through a licensing agreement.

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9.

In December 2018, Workhorse Group announced that they were debuting its SureFly, an electric vertical take off and landing octocopter at the 2019 North American International Auto Show.

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10.

In 2018, UPS announced that it would partner with Workhorse Group to develop and manufacture a fleet of 50 plug-in electric trucks.

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11.

In June 2019, Workhorse Group obtained US$25 million for the continued development of the N-GEN delivery van.

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12.

In November 2019, Workhorse Group chose battery supplier EnerDel to provide up to 5,200 battery packs for C-Series delivery vans.

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13.

Workhorse Group was one of the finalists for the United States Postal Service 10-year contract for the Next Generation Delivery Vehicle to replace 165,000 of the aging and outdated Grumman LLV used by USPS since 1987.

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14.

Workhorse Group announced what Bloomberg News described as a "long-shot bid" to overturn the loss of the award.

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15.

On June 16,2021, Workhorse Group filed a formal complaint with the United States Court of Federal Claims protesting the award of the United States Postal Service Next Generation Delivery Vehicle contract to Oshkosh Defense.

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16.

Workhorse Group began the development of a truck-mounted drone called HorseFly in 2016.

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17.

Workhorse Group developed a flagship electric van model C-1000 and started shipping it in the summer of 2021.

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18.

In September 2021 Workhorse Group suspended all deliveries of the vehicle and recalled 41 vans that were already delivered to customers with the company stating that it needed to provide "additional testing and modifications" to comply with US safety standards.

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