Electric van start-up Workhorse Group has struggled to kick-start production due to novel coronavirus (COVID-19) disruption, but the company looks set to finish 2020 on a high note.
For now, the Ohio-headquartered company is yet to make any notable dent in the market; second quarter (Q2) 2020 sales were up year-over-year, but remain minimal at just US$92,000. Chief Financial Officer, Steve Schrader, opened the company’s earnings call by noting that there had indeed been a “lack of meaningful revenue”, but advised that between 300 and 400 vehicles should reach customers by the end of Q4 2020.
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