Workhorse’s new CEO admits the startup’s electric van is no workhorse
The new CEO of struggling EV startup Workhorse admitted Tuesday that he’s not sure the company’s C-1000 electric van can stand up to the kind of punishing work required by delivery companies. In other words, Workhorse’s EV isn’t a workhorse.
“As I’ve talked to the big customers at UPS, FedEx, others, they expect to have these trucks last 15 to 20 years and go 15 to 20,000 miles a year and carry up to seven or 8,000 pounds of payload,” CEO Rick Dauch said during a revealing conference call about the company’s third-quarter financial results. “I’m pretty darn sure the C-1000 can’t meet those kind of stringent requirements. Okay? That’s the bad news.”
More bad news? Not only does Workhorse have to redesign its flagship C-1000 delivery…