What’s happening with Workhorse Group stock on Monday? – Workhorse Gr (NASDAQ:WKHS)

Workhorse Group, Inc. WKHS The share price rose on Monday after FedEx Company FDX has placed an order for 15 W56 step cars.

The details: The latest purchase will help FedEx move closer to its goal of global carbon neutrality by 2040, a goal the company is working toward by gradually replacing its vehicles.

The Workhorse W56 vans achieved a gas mileage of 8.9 liters per 100 kilometers (31 miles per gallon, MPGe) during testing, while the national average for vans is only 2.1 liters per 100 kilometers.

The purchase will save approximately 607 tonnes of exhaust emissions per year, based on an average annual driving distance of 51,875 kilometres per vehicle per year.

“We are very pleased to have been selected by FedEx and to support their sustainability goals. This milestone demonstrates our highly efficient and high-quality EV chassis and body, as well as our outstanding engineering, field service, conversion and operations capabilities,” said Rick DauchCEO of Workhorse.

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WKHS price promotion: At the time of writing, Workhorse shares were up 5.79% to 61 cents, according to data from Benzinga Pro.

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