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Workhorse Group Signs Supply Agreement With BMW i

Oct 13, 2016

Press Release

Workhorse Group Signs Supply Agreement With BMW i

By GlobeNewswire, October 13, 2016, 08:46:00 AM EDT

BMW i3 REx integrated into Workhorse Range-Extended Step Van

CINCINNATI, Oct. 13, 2016 (GLOBE NEWSWIRE) -- Workhorse Group (NASDAQ:WKHS) announced today that BMW i has signed a multi-year supply agreement for BMW i3 range extender (REx) units for the Workhorse E-Gen electric delivery vehicle. The Workhorse E-Gen delivery vehicles are used by last mile delivery companies to fulfill their customers' delivery needs.

BMW's proven Range Extended solution is powered by a 647 cc two-cylinder gasoline engine that engages when the battery level drops to a pre-determined state-of-charge, acting purely as a generator to produce electricity to extend the range of the Workhorse E-Gen vehicle.

"The REx solution adds tremendous benefits to our E-Gen vehicle and to our customers. Signing this supply agreement with BMW further strengthens our commitment to our customers' fuel efficiencies, maintenance savings, and sustainability initiatives while continuing to eliminate range-anxiety often found with battery-electric vehicles," commented Steve Burns , Founder and CEO of Workhorse Group Inc. "We are extremely pleased to add BMW to our growing base of world class suppliers."

About Workhorse Group Inc.

Workhorse Group Inc. is a U.S.-based original equipment manufacturer of medium-duty, EPA-approved battery-electric delivery vehicles and fully integrated truck-launched, FAA compliant unmanned aerial systems (UAS) delivery drones. The company is also a developer of a cloud-based, real-time telematics performance monitoring system that provides fleet operators ultimate energy and route efficiency.

Read the full article here.


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