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Market cap under 50 million
I'm in for a chunk. Will be doing more research to see if chunk should grow
Yes, they need more cash, but they'll probably get it
Got to start somewhere
Workhorse starts production of its all-electric delivery van
- Oct. 17th 2018 1:49 pm ET
Ohio-based commercial electric vehicle maker Workhorse, announced this week that it started production of its NGEN-1000 all-electric delivery van.
Workhorse is probably better known within the EV community for its plug-in electric W-15 pickup truck, but it’s also starting to put its new electric N-Gen van on the road.
The company says that the new N-Gen electric van has a range of up to 100 miles (160 km) on a single charge, which should be enough for most delivery routes.
It has a 6,000 pound carrying capacity and is available in four cargo sizes: 250, 450, 700 and 1,000 cubic feet.
This week at their Midwest plant, Workhorse began production of the 1,000 cubic foot model.
Stephen S. Burns, CEO of Workhorse, has some great ambitions for the vehicle, which he believes will “change the business of delivery as we know it.”
He commented on the start of production:
“For as long as I can remember, we’ve been discussing what the future of delivery looks like and what role electric vehicles will play in that. We are proud to say – the future is here. With an off-the-lot cost on par with traditional fuel delivery vehicles, and substantial savings from there, we believe the NGEN will forever change the business of delivery as we know it.”However, Workhorse did not confirm an official production capacity. We contacted Workhorse and we will update if we get an answer.
The company previously said that it plans to put 2,000 all-electric vans on the road by the end of the year.
Earlier this year, UPS announced that it ordered a fleet of 1,000 electric vans from Workhorse as part of their electrification efforts.
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