Workhorse Group (NASDAQ: WKHS) has received a Letter of Intent from Southern California Public Power Authority for 500 W-15 Plug-In Electric Pickup trucks.
The Workhorse W-15 light-duty platform design is an extension of the E-Gen electric technology used in Workhorse medium-duty delivery trucks. It uses Panasonic 18650 Li-ion battery cells, and is expected to offer an electric range of 80 miles. It features the ability to power equipment directly from the battery pack, allowing crews to work without running the engine.
Workhorse has also received Letters of Intent from Duke Energy, Portland General Electric, the City of Orlando and others.
“We discussed the needs of utilities and designed the W-15 to meet those needs,” said Steve Burns, Workhorse CEO. “We believe this will be the first PHEV pickup truck built from the ground up by an OEM in America.”
Workhorse will formally unveil its W-15 Plug-In Electric Pickup at the ACT EXPO show in Long Beach, California in May. Once production commences, Workhorse expects to offer it at a $52,500 MSRP.
Source: Workhorse Group