Workhorse Group Inc. Company Summary

Overview: Workhorse Group Inc. is a company focused on the development, manufacturing, and commercialization of electric vehicles, primarily targeting the last-mile delivery and commercial truck market. The company emphasizes sustainable transportation solutions and aims to lead the transition of the commercial vehicle industry to zero emissions.

Core Business:

• Main Focus: Designing, manufacturing, and selling purpose-built electric delivery vehicles for last-mile logistics and commercial use.
• Product Development: The company has developed and marketed specific vehicle programs, including the W4 CC, W750, and W56 models, among others.
• Environmental Commitment: Incorporates sustainability as a core strategic pillar, emphasizing lower carbon emissions, environmentally conscious design, and reducing its carbon footprint through sustainable practices and supplier partnerships.

Operations and Governance:

• Implements a governance framework focused on accountability, transparency, and risk oversight, including cybersecurity and enterprise risk management.
• Maintains a separation of Chairman and CEO roles.
• Engages a cross-functional Senior Management Cybersecurity Steering Committee.
• Follows high corporate governance standards with most directors classified as independent.

Human Capital:

• Invests in recruiting, developing, and retaining employees committed to innovation in electrification.
• Emphasizes workforce engagement, safety, employee well-being, and professional growth.
• Implements a comprehensive employee benefits program, including flexible paid time off, wellness platforms, and recognition programs.

Corporate Objectives:

• Lead the transition to zero-emissions commercial vehicles.
• Reduce environmental impact through eco-friendly vehicle design and sustainable supply chain management.
• Promote operational excellence and customer value via lower total operating costs and attractive ROI.

Financial and Market Data:

• Number of Employees: Not explicitly specified in the provided excerpt.
• Number of Customers: Not explicitly specified.
• Revenue & Income: No specific revenue or net income figures provided within the excerpt; the focus is on strategic initiatives, governance, and product development rather than financial performance.

Additional Details:

• The company emphasizes compliance with SEC and Nasdaq governance standards, including cybersecurity, insider trading policies, and executive compensation practices.
• Focuses on sustainable and responsible business practices throughout its operations and value chain.
• Maintains a portfolio of stock options, restricted stock, and performance-based awards for executives and directors, aligned with its strategic goals.

Note: The provided information does not specify exact numbers of customers, total revenue, net income, or a detailed workforce size beyond general descriptions of operational focus and governance structures.