“They feel as if with their singular focus on the electrical vehicle that they should be able to be a real force in the market … the market that’s inevitable,”
The News reported last week that
The plant also would potentially partner with Workhorse to build the next
In addition to being an assembly facility, the plant would also become
“They are the real deal,” said
Workhorse develops electric delivery vans and pickup trucks. The company also has developed hybrid aircraft for short flights and delivery drones.
There’s been skepticism about Workhorse since President
Skepticism among locals and some in the news media is driven in part by Workhorse’s weak earnings and uncertain financial outlook. This week, the company reported $37 million in losses and only $6,000 in sales during the second quarter. In a Friday filing with the
The company’s sales were down about 50% year over year to $369,690, primarily attributable to a decrease in the volume of trucks sold. As of
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