The test includes 10 e-Transit vans in 9 markets focused on a range of weather and road conditions faced by FedEx's SameDay City services. FedEx is aiming to completely electrify its fleet by 2040 which could be a windfall contract for Ford and Ford investors. Ford To Power FedEx Delivery Services?įedEx ( NYSE: FDX ) and Ford ( NYSE: F ) sent a ripple through the EV market when they announced a test run of Ford's e-Transit vans. The question is if these moves are too-little, too-late for the company because Ford is moving in on the delivery truck action. The takeaway is that revenue is expected to blossom in the second half and production to ramp in calendar 2023.
Workhorse Group is targeting up to 250 builds this year which some analysts view as cautious. The lineup is built on GreenPower Motors' ( NASDAQ: GP ) EV Star cab and chassis combination and the delivery schedule should allow the company to meet its goals for the year. While the calendar Q2 results were lackluster, the company also received the first of the new chassis from GreenPower Motors that it will use to build the new lineup. Not only is the company moving on from the C-series issues it had last year but the new CEO appears to have the company on track to begin production this quarter. Workhorse Group ( NASDAQ: WKHS ) has had a tough year but it looks like the toughest times are behind them.
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