Workhorse announced that it has received Letters of Intent from Electric Power and utility companies totalling 2,150 of the soon to be launched Workhorse W-15 electric pickup truck. The revolutionary Electric Pickup Truck Drivable Prototype will be Unveiled at ACT EXPO May 2, 2017 in Long Beach, CA
CINCINNATI, March 7, 2017 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS), an original equipment manufacturer (OEM) of battery-electric vehicles today announced it has received Letters of Intent from fleets totaling 2,150 of the Workhorse W-15 electric pickup trucks.
The Letters of Intent have come from Duke Energy, Portland General Electric, the City of Orlando, Southern California Public Power Authority, Clean Fuels Ohio and one other utility.
Workhorse intends to build the W-15 in its Union City, Indiana plant, a facility with the capacity to build 60,000 chassis a year. Subject to development, regulatory approval and financing, once production commences, Workhorse expects the W-15 to have a $52,500 MSRP.
“We believe the W-15 will be the first electric plug-in pickup made in America by an OEM,” said Steve Burns, Workhorse CEO. “Fleets look at total cost of ownership for their vehicles and we are very encouraged by the number of fleets that the positive feedback we have received with respect to the economics in owning W-15s as part of a fleet.”
The W-15 has been designed to reflect features and benefits that we believe fleets want today. The W-15’s safety features are expected to include an extra large crumple zone, and a lower center of gravity while still providing ground clearance.
A hi-tech design, the W-15 is also expected to offer crash mitigation technologies, including automatic braking and lane centering. Electric power will be supplied using Panasonic 18650 Li-on batteries. The truck’s battery pack is expected to deliver 80-mile all-electric range and to achieve 75 MPGe while in all-electric operation. The 80 mile range is designed to cover the majority of the miles driven in a day by fleets. If needed, the on-board gasoline generator will then operate after battery power has been depleted, extending the range. To reduce weight, the W-15’s body panels are made of a carbon fiber composite which also have the benefit of being rustproof.
The Workhorse W-15 light duty platform design is an extension of the E-Gen electric range extended technology used in Workhorse medium-duty delivery trucks. This existing medium-duty, delivery truck business has demonstrated low Total Cost of Ownership and dramatically reduced emissions.
“The W-15 is to be designed offering safety, efficiency, advanced technology and sustainability,” continued Burns. “We feel the reception we’ve seen from fleets shows that these features and benefits are all things that fleets are looking for in their pickup truck vehicles.”
The W-15 electric pickup drivable prototype will be unveiled at the ACT EXPO show in Long Beach, California on May 2nd. Fleet managers are invited to attend the show and test drive the W-15 prototype.