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Workhorse reviews electric van designs, distances itself from Lordstown Motors

Workhorse reviews electric van designs, distances itself from Lordstown Motors
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(WKHS), Oshkosh Truck Corporation (NYSE:OSK) - Workhorse Electric Delivery Van Builds Lag As Backlog Swells

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Workhorse Group (NASDAQ: WKHS) built just seven trucks in the fourth quarter as its underdeveloped production systems and supply chain issues continued to hold down the electric maker s progress even as orders have grown sevenfold compared with a year ago.
We are facing various supply chain challenges, both internal and external, CEO Duane Hughes said on the company s Q4 earnings call Monday. Given our backlog, we cannot sacrifice future build volume for current-year production. Scaling up manufacturing properly has to take precedence.
So, Workhorse will continue to take it slow, striving to build three of its composite-body battery-electric trucks a day in March with a plan to reach 10 trucks a day by the end of June. The full-year goal of producing 1,800 trucks is a stretch, Hughes said. ....

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