Workhorse

Workhorse will develop a product line of turnkey, container-based mobile AI data centers and begin commercial production and delivery in 2027 from Union City, Indiana. The units will include liquid-to-liquid cooling, insulated server racks, a climate-controlled operator area, UPS battery backup and fire suppression. Workhorse plans partnerships for market development and customer acquisition and expects synergies from capabilities such as thermal management and power electronics; further details will be provided on the Q2 conference call on August 13. » Más en de.investing.com

Workhorse appoints Jody Davis as its new CFO; he succeeds Bob Ginnan, who is retiring. Davis brings roughly 15 years of leadership experience in manufacturing, energy storage, aerospace and technology and is expected to drive strategic finance, capital raising and financial planning. The aim is to secure additional growth capital, strengthen analyst and investor relations, and accelerate cost reductions on the W56 platform and in classes 5–6. The appointment comes as Workhorse records a low market capitalization and dwindling liquidity; the stock fell sharply over the past year. » Más en de.investing.com

Workhorse will launch a joint support program with InCharge Energy at the end of 2026 that provides fleet customers in North America with assistance via a central hotline for vehicles, charging infrastructure, electrical systems and third‑party hardware and software. InCharge will supply staff, operational infrastructure and technology systems; the program will operate under the Workhorse brand and route tickets, depending on the issue, to regional technicians, dealers or third parties. Workhorse cites more than 1,100 delivered vehicles and expects significant fleet growth by the end of 2026, but also notes rapid cash burn and weak gross margins; market capitalization is about $33.23 million. » Más en de.investing.com