Workhorse Looks to Expand Product Offerings

CINCINNATI – Workhorse Group Inc., an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has entered into a strategic development agreement with EAVX, a subsidiary of J.B. Poindexter & Co. (“JBPCO”), a leading provider of commercial vehicle body solutions, to expand Workhorse’s product line and create solutions for new customer segments.

Workhorse and EAVX will be developing a next-generation delivery vehicle that leverages Workhorse’s leadership in last-mile delivery EVs, controls software and drone technology as well as the EAVX and the J.B. Poindexter & Co group of companies’ decades of experience with vehicle body engineering, construction, and assembly. With the rapid growth of the last mile delivery sector, the increased demand for deliveries, and the expansion of product types being delivered, a broader option of vehicle sizes and configurations is another way for Workhorse to scale its manufacturing and distribution efforts and to accelerate sales and capture additional market share.

“This agreement with EAVX will allow us to jointly develop new offerings serving more of the last-mile delivery market, and we’re looking forward to the partnership,” said Duane Hughes, Workhorse CEO. “The agreement also opens up other areas of potential collaboration that we believe will drive significant value for both companies. We expect the end result to be a combination of the best attributes of our two companies being applied to fleet operations for new and better products.”

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John Poindexter, JBPCO Chairman and CEO, added: “The electric chassis industry is changing radically, and we’re pleased to partner with Workhorse to address our present and future customer’s plans. Our customers presently rely upon internal combustion chassis, which we integrate into truck bodies produced by one of the nine business units comprising JBPCO. Our strategic collaboration with Workhorse demonstrates our confidence in its abilities to produce a high-quality electric chassis intended to be incorporated into work trucks and delivery bodies.”

About Workhorse Group Inc.
Workhorse, the industry leader in last-mile EV delivery, is a technology company focused on providing drone-integrated electric vehicles to the last mile delivery sector. As an American original equipment manufacturer, Workhorse designs and builds high performance, battery-electric vehicles including trucks and aircraft. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet operators to optimize energy and route efficiency. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment.

About J.B. Poindexter & Co.
J.B. Poindexter & Co is a portfolio of businesses that provide best-in-class commercial automotive and manufacturing goods and services. The company applies innovative operational and financial disciplines to truck and van bodies, pick-up truck covers and accessories, industrial vehicle storage and shelving, funeral coaches, limousines, specialty industrial parts and expandable foam packaging. The portfolio of industry-leading business units includes Morgan, Morgan Olson, Truck Accessories Group, Reading, Masterack, Specialty Vehicle Group, EAVX, MIC Group, and EFP Corporation. 


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