Workhorse Group Inc【WKHS】株式ニュース

$WKHS: 100 trucks ordered today....................... now $2.70

Nice bump on that news.

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Workhorse Announces 100-Truck Order from Gateway Fleets to Support Lower-Cost Electric Fleet Operations
By Workhorse Group, Inc. | April 30, 2026, 9:05 AM

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Innovative EV fleet solutions provider to deploy W56 step vans across electrified sites, delivering a fully integrated vehicle and charging solution

Gateway Purchases 100 Workhorse W56 Step Vans

A Workhorse W56 step van at a Gateway charging station
A Workhorse W56 step van at a Gateway charging station
DETROIT, April 30, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, and Kingsburg Truck Center (KTC), a leading California truck dealer, today announced a purchase order for 100 W56 fully-electric step vans from Gateway Fleets, a California-based provider of bundled electric vehicle and charging solutions for commercial delivery operators.

Gateway plans to deploy the W56 step vans across its network of electrified sites and is preparing to launch additional locations, to be announced in the coming months, expanding access to reliable charging across key markets. The company’s bundled model is designed to simplify electric fleet operations, pairing purpose-built electric trucks with on-site charging infrastructure, fleet support, and depot access — all available through flexible financing arrangements.

By offering W56 step vans through a lease structure, Gateway Fleets enables operators to access the fuel and maintenance savings of electric vehicles while managing cash flow and avoiding large upfront capital expenditures. The company currently operates depots in Southern California and is scaling its network to meet growing operator demand across the region and beyond.

“Gateway Fleets understands the challenges fleets are facing right now, and they’ve built a business model designed to solve it,” said Scott Griffith, Chief Executive Officer of Workhorse. “On top of the overall reduced costs of operating electric trucks, fleet electrification offers a counterweight to the current exorbitant costs and volatility of fossil fuels. Gateway’s bundled model enables fleets to seamlessly add electric trucks to their fleet by handling every aspect of electrification. We’re proud to support their vision.”

The W56 step vans available through Gateway are the Standard Wheelbase (178") with a 210 kWh battery, offering 1,000 cubic feet of cargo space, a payload of 10,000 lbs. and a nominal range of 150 miles per charge. Every van features a fully-integrated, purpose-built composite body, an ergonomic driver environment, and a platform engineered for the demands of high-cycle last-mile delivery.

“Even when factoring in electricity costs, we’ve seen fuel cost savings of up to 65 percent on active delivery routes, based on a year-long, real-world case study at our Riverside, California site. That’s real impact for operators managing tight margins. Vehicles like the W56 are performing reliably in last-mile operations, and through close coordination with partners like Workhorse and Kingsburg Truck Center, we’re delivering a more complete solution for operators,” said Jamie Miller, Chief Revenue Officer of Gateway Fleets.

All W56 models are produced at Workhorse’s commercial-scale manufacturing facility in Union City, Indiana, which is capable of producing up to 5,000+ vehicles per year on a single operating shift. To date, Workhorse has delivered more than 1,100 vehicles that have collectively accumulated more than 20 million real-world miles across customer fleets.

Vehicles are expected to begin deploying in July 2026, ahead of “peak” season, the lead-up to and through the holidays when package delivery volumes spike, supporting operators during the busiest time of year.

“At Kingsburg Truck Center, we pride ourselves on being at the forefront of the commercial transportation shift toward zero-emissions. This 100-unit commitment is a testament to the reliability of the Workhorse W56 and the strength of the partnership we've built with Gateway Fleets,” said Jerry Smith, President of Kingsburg Truck Center. “By combining Workhorse's quality engineering with our extensive experience in navigating the complex grant and incentive landscape, we are removing the traditional financial barriers to EV adoption and making it easier than ever for fleets to scale efficiently.”

Fleets interested in leasing a Workhorse W56 should contact Gateway Fleets directly or visit www.gatewayfleets.com.

About Workhorse Group Inc.

Headquartered in the Detroit area with a commercial-scale manufacturing plant in Union City, Indiana, Workhorse (Nasdaq: WKHS) is redefining what a medium-duty truck should be. Workhorse builds software-first, electric trucks, shuttles and buses that are powerful, cost-efficient, reliable, safe, and comfortable — all with zero tailpipe emissions. Our deep experience building electric vehicles at scale drives intentional innovations designed to help customers lower operating costs, improve fleet performance, enhance the driver experience, and maximize uptime without compromise. More information is available at www.workhorse.com.

About Gateway Fleets

Gateway Fleets is a California-based provider of complete electric vehicle and charging solutions designed for commercial delivery operators. Gateway delivers electric trucks, fast flat-rate charging infrastructure, real-time fleet visibility and support, and depot access in a single bundled package — removing the barriers to electric fleet adoption and enabling operators to focus on their routes. Gateway Fleets currently serves operators in Southern California and is expanding to meet growing demand. More information is available at www.gatewayfleets.com.

About Kingsburg Truck Center
Based in Kingsburg, California, Kingsburg Truck Center is one of the nation's leading commercial truck dealerships and was the first full-service authorized dealer for Workhorse Group Inc. in the state of California. Specializing in advanced vocational solutions and zero-emission fleet deployment, Kingsburg Truck Center provides comprehensive upfitting, sales, and service for the medium-duty market. The company is a recognized leader in California's incentive ecosystem, leveraging deep expertise in grant writing and voucher processing to maximize funding for fleet transitions. As a strategic partner for sustainable transportation, Kingsburg Truck Center helps operators navigate technical and financial complexities to achieve zero-emission goals. More information is available at kingsburgtruckcenter.com.

Contacts:

Workhorse
John Williams, Communications
+1-206-660-5503, john.williams@workhorse.com

ICR, Inc.
workhorse@icrinc.com

Investor Relations Contact:

ir@workhorse.com

Gateway Fleets

info@gatewayfleets.com