What's Going On With Workhorse Group Shares Wednesday

Workhorse Group WKHS stock is trading higher Wednesday. The company recently announced a strategic collaboration with Kinsburg Truck Sales.

What Happened: The vehicle and drone manufacturer’s collaboration with Kinsburg Truck Sales will help drive Workhorse’s zero-emission commercial vehicle iniative.

As apart of the partnership, Kingsburg is committed to buying 141 units of the Workhorse W4 CC Class 4 battery-electric cab chassis trucks, delivery is expected sometime this year. By adding these electric trucks to their inventory, Kingsburg says they are aiming to meet the needs of customers looking for zero-emission vehicles that comply with California’s regulations.

The deal is dependent on certain terms and conditions, including receipt of California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) vouchers. Workhorse expects for the electric truck to qualify for up to $60,000 in incentives through the HVIP.

In 2023, Kinsburg became Workhorse’s first certified electric vehicle dealer in California and earned Workhorse’s dealer of the year.

Additionally, Workhorse announced the divesture of its Aero business has been completed.

See Also: EU Tariffs on Chinese EVs Raises Red Flags, Battery Maker Warns Of Dwindling Demand For Material: ‘Short-Term Outlook… Clearly Disappointing’

WKHS Price Action: At the time of writing, Workhorse Group shares are trading 3.36 higher at 18 cents, according to data from Benzinga Pro.

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