EV advocates (and investors in WKHS stock) were shocked and disappointed by the US Postal Service’s recent decision to award a 10-year contract to Wisconsin-based Oshkosh Defense to manufacture a new generation of postal delivery vehicles. The Workhorse Group, which specializes in EVs designed for last-mile delivery, and counts UPS and FedEx Express among its… Read more »
Oshkosh, a maker of specialty trucks and equipment, has announced an investment in Microvast, a provider of battery technologies for commercial and specialty EVs. Oshkosh will make a $25-million private investment in public equity, or PIPE, in Microvast, which announced a merger with Tuscan Holdings on February 1. Oshkosh and Microvast have also entered into… Read more »
After deliberating about a long-overdue modernization of its vehicle fleet for nearly a decade, the US Postal Service has awarded a 10-year contract to Wisconsin-based Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Under the contract’s initial $482-million investment, Oshkosh will finalize the production design of the Next Generation Delivery Vehicle (NGDV),… Read more »