Workhorse has an idea to improve package-delivery efficiency: the Horsefly, a .four-motor drone. This is Hitachi’s rapid-solution-delivery platform used in combination with its Smart Manufacturing plans.To go along with this Workhorse Group news, Hitachi Capital America will also be working with the EV company. That was the best monthly performance since it ran up 81.1% in May 2013, and the second-best monthly gain since going public in June 2010. The Aviation division offers delivery drones and SureFly multicopter. The drones will help personnel make several deliveries per stop.Speculative fervor has sent shares of electric-truck makers soaring.

That helped propel Tesla Chief Executive Elon Musk to be the world's third richest person, according to the Bloomberg Billionaires Index.

Include Tesla, and the number jumps to more than $300 billion. Workhorse's stock has run up more than fivefold (up 439.1%) year to date through Friday, while fellow EV maker Tesla Inc.'s stock has also soared more than fivefold (up 429.1%), China-based EV maker Nio Inc. shares have climbed nearly fivefold (up 360.2%) and the S&P 500 has gained 8.6%.There appears to be no stopping electric-vehicle stocks these days. Under the agreements, Hitachi America and other Hitachi Group companies will help Workhorse scale up its production and build out a nationwide dealership network. Get the latest Workhorse Group, Inc. (WKHS) stock news and headlines to help you in your trading and investing decisions. Saint-Gobain acquires Dutch-based Strikolith Workhorse Group News: WKHS Stock Gallops 11% Higher on Hitachi Deal WKHS is getting help from Hitachi for EV production By William White , InvestorPlace Writer Aug … Copyright © Nasdaq Copyright © 2020 MarketWatch, Inc. All rights reserved. All rights reserved. It develops cloud-based, real-time telematics performance monitoring systems.

That’s the wrong reaction, however, because earnings don’t matter. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.

Under the deals, Hitachi America will assess Workhorse's manufacturing, supply chain, and other operational capabilities and provide recommendations to get them to best-in-class levels as Workhorse ramps up production of its new C-Series package-delivery vans.Kyle Dennis took a leap of faith and decided to invest his savings of $15K in the stock market — $2.8M later, he owes his success to these strategiesElectric delivery-van maker Workhorse Group (NASDAQ: WKHS) said that it has entered into strategic agreements with two subsidiaries of Japanese electronics giant Hitachi (OTC: HTHIF), Hitachi America and Hitachi Capital America Corporation. U.S.-listed EV stocks we track, excluding Tesla, are worth some $30 billion, more than Ford Motor.

Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. In a statement before the markets opened on Monday, Workhorse said that it has entered into "strategic agreements" with Hitachi's U.S. subsidiary, Hitachi America, and its financing arm, Hitachi Capital America Corporation. This will have it helping with the creation of a dealership network across the U.S. to help it better deliver its EVs to dealers and customers.Duane Hughes, CEO of Workhorse Group, said the following about the news.“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. 1125 N. Charles St, Baltimore, MD 21201. Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft.

WKHS stock has huge long-term upside potential because Workhorse Group is emerging as a leader in a huge new category. View real-time stock prices and stock quotes for a full financial overview. Tesla's stock has advanced 1,004.4% over the past 12 months through Monday, while shares of other electric vehicle makers Nio Inc. have climbed 565.4% and Workhorse Group Inc. have hiked up 330.2% over the same time. WKHS Stock News: Workhorse Group Inc. price might be inflated too much with EV industry recent success NEWS | Jul 13, 11:05 GMT | By Stocks Reporter. Lordstown Motors—maker of the EV truck named Endurance—is getting bought by a SPAC. Deutsche Bank analyst Emmanuel Rosner believes such a move is a “no-brainer.” A new GM-EV company might be valued anywhere from $15 billion to $95 billion.Stock in electric commercial van maker Workhorse traded down on earnings. Workhorse Group News: WKHS Stock Gallops 11% Higher on Hitachi Deal WKHS is getting help from Hitachi for EV production By William White , InvestorPlace Writer Aug … The agreements will help Workhorse develop a national dealer network and support, sales with vehicle financing options for dealers and customers. My father left me money for a house — and my husband put his name on the deed. RBNZ: Low rates needed despite risks of inequality That was the best monthly performance since it ran up 81.1% in May 2013, and the second-best monthly gain since going public in June 2010.

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