Workhorse Launches Lower-Cost W56 Step Van with 140 kWh Battery, Targeting Fleet Needs
WKHS is trading near its 52-week low of $3.03 (14% above the low).
Summary
Workhorse Group Inc. has announced the availability of a new W56 Step Van model featuring a 140 kWh battery, priced from $169,000. This product expansion, which offers an estimated 100-mile range, directly addresses customer feedback for a more affordable electric vehicle option for shorter routes. The company states this move leverages initial synergies from its December 2025 merger with Motiv Electric Trucks, aiming to drive down production costs and offer a competitive solution against rising fuel prices. This strategic offering could enhance Workhorse's market penetration by providing a lower entry price point for fleet operators, potentially boosting sales and improving the company's financial outlook. Traders will watch for order announcements and sales figures for this new variant.
At the time of this announcement, WKHS was trading at $3.45 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $6.9M. The 52-week trading range was $3.03 to $67.32. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.