Workhorse Group Inc. (NASDAQ: WKHS)

Workhorse Group Inc. is a North American manufacturer of medium duty electric trucks and buses.

The company focuses on providing sustainable and cost effective solutions to the commercial transportation sector.

It designs and manufactures all electric vehicles and develops technology that optimizes vehicle operation.

Its best in class vehicles serve last mile delivery medium duty operations and a growing range of specialized applications.

As an American based original equipment manufacturer the firm markets its products under the Workhorse and Motiv brands.

Vehicles are assembled at the Union City Indiana production facility or by contract manufacturers using domestic and globally sourced components.

The company generates revenue primarily from the sale of its all electric trucks and buses.

It also earns income from technology offerings such as telematics systems and charging infrastructure solutions.

Additionally Workhorse provides services including fleet management training dealer support and vehicle upfit options.

Revenue is derived from commercial fleet operators municipal transit agencies utility companies and other businesses seeking zero emission transportation.

Workhorse Group Inc. competes in the North American medium duty electric vehicle market alongside established automotive manufacturers and emerging EV specialists.

Key competitors include firms such as Rivian Ford General Motors Daimler Volvo Proterra BYD and other niche players.

The company differentiates itself through its focus on last mile delivery applications integrated vehicle telematics and a dealer network that supports maintenance and uptime.

Its cost of ownership advantages and commitment to sustainable solutions help it attract fleet operators looking to lower operating expenses and meet regulatory requirements.

The company serves a diverse customer base that includes logistics companies last mile delivery providers municipal transit authorities school districts and utility firms.

Specific customers referenced in the filing include FedEx Ground routes operated under the Stables by Workhorse initiative.

Workhorse notes that more than half of its vehicle deliveries in 2025 were made to repeat customers indicating strong relationships with existing fleet operators.

Overall the firm targets businesses seeking to electrify medium duty fleets and reduce total cost of ownership while complying with emissions regulations.