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(WKHS), Oshkosh Truck Corporation (NYSE:OSK) - Workhorse Share Collapse Raises Pressure On Debt Repayment
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Workhorse share collapse raises pressure on debt repayment
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Electric Vehicle Manufacturing Stocks to Consider Feature Entrants Other Than Tesla
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Electric vehicle manufacturing stocks to consider feature industry entrants even more unusual than Tesla (NASDAQ:TSLA) that plan to build and sell a one-seat, three-wheel commuter car, delivery trucks and light duty trucks for commercial fleets.
The electric vehicle manufacturing stocks to consider are focused on serving market niches aimed at offering unique capabilities that larger electric vehicle companies may not target as sharply. However, the competitive road ahead for the entrepreneurial electric vehicle manufacturing stocks to consider require achieving scale, meeting price points customers will pay, creating interstate charging stations and obtaining cost-effective and powerful battery technology to substitute for fuel stations.
Photo Credit: Workhorse Group Inc.
Workhorse Group Inc., (Loveland, Ohio, U.S.) a technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, announced on Jan. 4 that it has received a purchase order for 6,320 of its C-Series all-electric delivery vehicles which are built with composite bodies from Pride Group Enterprises (Ontario, Canada) a 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.
Inventory financing is being provided by Hitachi Capital America (HCA) as part of Workhorses’ previously announced strategic partnership with the company. 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 flee
Workhorse Receives Purchase Order from Pride Group Enterprises for 6,320 C-Series All-Electric Delivery Vehicles
CINCINNATI, Jan. 04, 2021
” 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
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.
Inventory financing is being provided by Hitachi Capital America (“Hitachi Capital America” or “HCA”) as part of the Company’s
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