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Workhorse Receives Purchase Order from Pride Group Enterprises for 6,320 C-Series All-Electric Delivery Vehicles

CINCINNATI, Jan. 04, 2021 (GLOBE NEWSWIRE) — Workhorse Group Inc. (Nasdaq: WKHS(“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today announced that it has received a purchase order for 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises (“Pride”), a premier Canadian and U.S. based, privately held company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. The order is split between Workhorse’s C-1000 and C-650 models and is subject to various production and delivery conditions.

C-Series Vehicles

Inventory financing is being provided by Hitachi Capital America (“Hitachi Capital America” or “HCA”) as part of the Company’s previously announced strategic partnership with HCA. Initial delivery of the vehicles may begin by July 2021 and will run through 2026. The delivered vehicles will be distributed through Pride dealerships for fleet use.

“Our new agreement with Pride marks our largest individual order to-date and expands our sales channel internationally into Canada for the first time,” said Workhorse CEO Duane Hughes. “Our ongoing partnership with HCA continues to bear fruit as we gear up for scaled production in 2021. This large order solidifies our first-mover advantage and indicates the heightened interest in our last mile delivery products.”

Pride Group Enterprises CEO Sam Johal added, “Pride is excited to establish this new partnership, which will add last mile delivery vehicles to our existing product offering. It is one of the key steps we have taken over the past year towards achieving our future target of 100% electric vehicles, including our recently finalized largest Class 8 EV order. We are continuing to work on infrastructure to provide public charging stations at all of our locations as well as EV service, OEM warranty and parts across all major North America highways.”

“Workhorse’s last mile delivery trucks continue to be in demand across North America, which has been highlighted from our dealer group surveys and is further illustrated by this large order from Pride,” said Kirk Mann, SVP & GM Transportation Finance at Hitachi Capital America. “We are proud that our Mobility Solutions effort is a North American answer to this important electric vehicle fleet program.”

100% Electric

Workhorse C-Series vehicles are powered by a modular battery pack system, which provides between 35 kilowatt hours (kWh) when equipped with two battery packs and 70 kWh in its standard four pack configuration.

Specifications

The C-Series Vehicles feature a 100% composite monocoque body, this design eliminates 4,000 lbs. of chassis and body weight compared to a conventional, internal combustion vehicle while carrying the same cargo volume and payload.

VehicleC1000C650
MotorDual Axial Flux Interior Permanent Magnet Motors
Interior Volume1,000 cu.ft.650 cu.ft.
Wheelbase190″158″
Overall Length324″247″
Front Track86″
Rear Track86″
Body Width86″
Body Height122″
Ground Clearance7.25″
GAWR Front5,000 Lbs.
GAWR Rear7,500 Lbs.
Battery (4 Modules)70 kWh
Range100 Miles
Top Speed75 MPH (Limited)
Brake SystemABS

About Workhorse Group Inc.

About Pride Group Enterprises

About Hitachi Capital America Corp.

Images courtesy of Workhorse Group Inc.

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