Shares of Workhorse Group Inc. WKHS,
jumped 2.8% in preliminary trading on Monday after the manufacturer of electric vans and drones announced strategic agreements with Hitachi America Ltd. and Hitachi Capital America Crop. to assess Workhorse’s production capacity and supply chain capabilities. The agreements will help Workhorse develop a national dealer network and support sales with vehicle financing opportunities for dealers and customers. “This alliance with Hitachi comes at the perfect time for Workhorse, as we value their best-in-class innovation and production growth experience and enable us to provide a complete solution to our customers,”
have risen almost fivefold (by 360.2%) and the S&P 500 SPX,
has gained 8.6%.