Hey guys, welcome back to another video! Today
I am going to talk about Workhorse again.
I know I’ve been talking a lot about Workhorse
lately, but as being one of my favorite stocks
and having more news, I think it’s important
to talk about this and let you updated! Before
going to the video don’t forget to like
the video and subscribe as it helps me a lot!
So Workhorse this week has announced it’s
deal with Hitachi, that was a big thing for
Workhorse, as it will help a lot with manufacturing.
If you don’t know what I’m talking about,
watch my Workhorse Update video, that will
be on the card. So besides this deal, someone
found on Workhorse LinkedIn that they are
hiring more than 200 workers. As you can see
on Workhorse LinkedIn, they wrote: “Workhorse
Group is hiring 200+ Mechanical and Electrical
assembly persons for 1st, 2nd, and 3rd shifts
in Loveland Ohio, and Union City Indiana.
We are also looking for a number of engineering,
quality, supervision, logistics, and project
management persons.” This makes us believe
that Workhorse will win a big portion of the
USPS contract, and because of that, they need
more workers, to be able to ramp production
and deliver all the vehicles.
The CFO of Workhorse was interviewed by Jack
Spencer, on youtube, and I seriously recommend
you to watch it as it has great information
and really good questions. In Jack Spencer’s
channel, you can already find 2 interviews
with the Workhorse CFO, and I would like to
focus on a question in the last interview.
Is Workhorse in talks with Walmart or other
large retailers? This can be big, as Walmart
is trying to match Amazon prime delivery,
and they will need last-mile delivery trucks.
This can be a big opportunity for Workhorse!
The CFO also said that they are talking to
everyone that could potentially be interested
in last-mile delivery. This gives a lot of
confidence in Workhorse, as they are trying
to get more clients and not be dependent on
the USPS contract.
There is an article on seeking alpha about
workhorse that says that Workhorse Group was
recommended by Oppenheimer. As you can see,
I’ll quote: "We view WKHS as the leading
EV last-mile delivery truck platform with
critical design and operating system advantages,
notably a substantial weight advantage versus
competition which is positioned to leverage
a flexible manufacturing model. Additionally,
we believe WKHS has a substantial lead in
integrated drone delivery technology and testing
experience.” This shows that people start
to gain more confidence in Workhorse products,
which is a really positive thing!
Now it’s a matter of time until we know
the result of the USPS contract. Anyway, I
really think that Workhorse will for sure
have a part of it, because no company hires
this amount of workers if they don’t think
they will get the contract.
This is all for today! Hope you like the video,
don’t forget to subscribe and hit that bell
button below! See you!
