USAElectrification & Mobility▲
Workhorse reports Q2 loss, plans mobile AI data center entry
Workhorse Group reported a second-quarter net loss of $20.2 million, or $1.86 per share, as it detailed plans to enter the mobile AI data center market. Revenue was $3.6 million, up from $800,000 a year earlier, with 26 vehicles delivered versus 4 in the prior-year period. The company said it expects to produce more fully electrified Class 5 and 6 chassis and trucks over the next five months than in any prior five-month period, driven by orders from Purolator and Gateway. Workhorse also announced a new CFO, Jody Davis, and reaffirmed its target of $20 million in annualized cost synergies by the end of 2026. The company is targeting 2027 for production and commercial deliveries of its mobile AI data center product.