Workhorse Group Inc. (Nasdaq: WKHS) reported financial results for the second quarter ended June 30, 2025, focusing on pioneering the transition to zero-emission commercial vehicles.
CEO Rick Dauch highlighted the company's record shipment of 32 trucks in the second quarter, driven by positive customer feedback and the demand for high-quality trucks in the last mile delivery market.
Workhorse announced an agreement to merge with Motiv Electric Trucks to create a leading North American medium-duty electric truck OEM, emphasizing the confidence in the industry trend towards electrification.
Record Shipment of Trucks
Workhorse shipped a record 32 trucks in the second quarter, showcasing demand for their high-quality vehicles.
Merger Agreement with Motiv
The merger with Motiv Electric Trucks will create a leading North American medium-duty electric truck OEM, delivering value to customers and shareholders.
Purchase Orders and Customer Base Growth
Workhorse secured 36 purchase orders for W56 step vans and continued to expand its customer base through dealer networks.
- The merger with Motiv Electric Trucks will provide Workhorse with increased scale, expanded product portfolio, and operational efficiencies, enhancing total cost of ownership for customers.
- The record shipment of trucks and the growing customer base indicate Workhorse's strong position in the market and the recognition of their high-quality vehicles.
Workhorse's second quarter 2025 results reflect strong performance in the transition to zero-emission commercial vehicles and strategic moves to enhance market presence. The merger with Motiv Electric Trucks and the record shipment of trucks demonstrate Workhorse's commitment to innovation and growth in the electric vehicle sector.