CINCINNATI, Nov. 7, 2016 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS), an original equipment manufacturer (OEM) of battery-electric vehicles, today announced that it has commenced development of an electric pickup work truck with range extender for fleet usage.
Expected to be in production 2018, the new Workhorse W-15 light duty platform design is an extension of the E-Gen electric technology used in Workhorse medium-duty delivery trucks. With an expected 80 mile battery range using Panasonic 18650 Li-ion batteries, the Workhorse W-15 light duty design expects to provide economical, clean and powerful performance. The expected 80-mile range from the battery pack of the Workhorse pickup truck is expected to cover the vast majority of miles driven in a day by fleet owners of locally driven trucks. If needed, the gasoline generator will then operate after battery power has been depleted, allowing the driver unlimited range to complete the days' tasks. As many fleet operators are committed to the "greening" of their fleet, the Workhorse W-15 electric truck will be designed to dramatically lower emissions. Lower fueling and maintenance costs are expected to deliver lower total cost of ownership (TCO) for fleet managers. Workhorse has already received non-binding letters of interest from Duke Energy as well as the City of Orlando municipal fleet. For a number of years, Duke Energy, along with other electric utilities in the country, has been asking manufacturers to build plug-in electric vehicles that could replace the highest volume vehicle types within our fleet. The Workhorse truck does exactly that, in a manner that is expected to reduce fuel consumption as well as significantly lowering fleet emissions. Including proven components such as the range-extending generator package in the design, is expected to ease many of the concerns companies have when introducing new and innovative products into their fleets.