Trade Workhorse Group Inc. - WKHS CFD

Workhorse Group Inc. Company profile

Workhorse Group Incorporated (WKHS), formerly known as AMP Electric Vehicles, was founded in 2007 and is a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector. 

It manufactures battery-electric trucks and aeroplanes and develops real-time telematics performance monitoring systems that are fully integrated with its vehicles. 

Its first mass produced vehicle was the GM Sky, a two-seat roadster, manufactured in 2009–2010. 

The firm also produced electrification packages for the Chevrolet Equinox SUV, the Jeep Grand Cherokee and the Mercedes Benz ML350. 

The company started to focus on electrifying commercial vehicles in 2012 when it signed a development agreement with truck-building company Navistar to repower a 1,000 cubic foot delivery van. The first such vehicle passed Navistar’s requirements with flying colours. 

One year later, AMP entered into a definitive agreement to acquire the Workhorse brand and assembly plant from Workhorse Custom Chassis LLC, which was an affiliate of Navistar. Following the acquisition, AMP was planning to commence the production of step vans and other vehicles. 

As of March 2022, the firm is manufacturing its Workhorse C1000 electric delivery vehicles, which are powered by a modular battery pack that has up to 105 kilowatt hours when equipped with six battery packs. 

The company went public in 2010 when it was still known as AMP Electric Vehicles under the AMPD symbol on the over-the-counter (OTC) market. In March 2015, AMP changed its name to Workhorse. In 2016 the firm started trading on the NASDAQ stock exchange under the WKHS symbol.