![]() In addition to the plant assets, our exclusive arrangement with UpTime Parts, Inc. The asset acquisition made the company an OEM and enables the company to manufacture new, medium-duty truck chassis in the 14,500 to 23,500 GVW class. As part of the end user’s requirement, the battery-electric test truck successfully passed a 4,000-mile durability test at TRC, Inc.’s automotive test facility in East Liberty, OH.ĪMP acquired the Workhorse brand and the Workhorse Custom Chassis assembly plant in Union City, IN in March of 2013. They did however, introduce us to their client and AMP began to work directly with the end user. Navistar’s top management changed at precisely the same time the project vehicle passed its performance test and Navistar tabled the electrification project. The first vehicle was delivered to them in August of 2012 and successfully passed Navistar’s requirements and performance test. Under the development agreement, the initial project was to re-power a 1,000 cubic foot delivery van. This led to a development agreement with Navistar, a major U.S. When the economic benefits of conversion became less certain, we pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. These development activities resulted in the successful execution of the concept for SUVs.ĪMP Electric Vehicles went public in 2010, trading on the OTC market under the AMPD symbol. ![]() This led to the creation of electrification packages for the Chevrolet Equinox SUV, the Jeep Grand Cherokee and the Mercedes Benz M元50. We followed the electrification of the Sky Roadster with the design and implementation of systems capable of powering larger vehicles. ![]() Our Sky achieved four times the fuel efficiency of an internal combustion equivalent with zero emissions (96 MPGe vs.19/24 city/highway for ICE version). We were one of eight finalists in the Side-by-Side seating category. All other vehicles were primarily prototypes or concept vehicles not suitable for driving on public roads. Our 100% electric GM Sky was the only mass-produced vehicle in the competition. In 2009/2010, Progressive Insurance sponsored a rigorous nationwide competition for clean, “production-capable” vehicles. We first experimented with adding battery-electric power to two-seat roadsters. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.AMP Electric Vehicles was established in 2007 as a developmental-stage vehicle electrification company. WKHS stock was up 11% as of Monday afternoon. With Hitachi’s innovation and invaluable expertise in EV technology, smart factory automation and digital technologies, Workhorse is primed to build on our early leadership position as the only last-mile EV distributor selling vehicles for commercial use across the country.”įinancial details of the deal between Workhorse Group and Hitachi weren’t revealed. “This alliance with Hitachi comes at an ideal time for Workhorse as we value their best in class innovation and experience in ramping up production and enabling us in providing a complete solution to our customers. to help it better deliver its EVs to dealers and customers.ĭuane Hughes, CEO of Workhorse Group, said the following about the news. This will have it helping with the creation of a dealership network across the U.S. To go along with this Workhorse Group news, Hitachi Capital America will also be working with the EV company. This is Hitachi’s rapid-solution-delivery platform used in combination with its Smart Manufacturing plans. Hitachi’s advice will benefit WKHS in scaling up its creation of electric vehicles (EV).Īccording to the Workhorse Group news release, Hitachi will also make use of its Lumada platform to help accelerate the company’s production expansion efforts. The deal between Workhorse Group and Hitachi will have the former receiving help from the latter with its production facilities.
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