Workhorse Group Inc.

Workhorse Group Inc. ( Workhorse , the Company , we , us , or our ) is a North American manufacturer of medium-duty electric trucks and buses. Our primary focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. We design and manufacture all-electric vehicles, including the technology that optimizes the way that these vehicles operate. The company’s best-in-class vehicles are designed for last-mile delivery, medium-duty operations, and a growing range of specialized applications. We are an American-based Original Equipment Manufacturer ( OEM ), and our products are marketed under the Workhorse and Motiv brands. Our vehicles are assembled in our Union City, IN production facility, or by contract manufacturers, using domestic and globally-sourced components. We believe our all-electric commercial vehicles offer fleet operators significant benefits, which include: Lower total cost-of-ownership as compared to conventional gas/diesel vehicles; Improved profitability through lower maintenance costs and reduced fuel expenses; and Decreased vehicle emissions and reduced carbon footprint. We continue to seek opportunities to grow the business organically, and by expanding relationships with existing and new customers and dealers. We believe we are well positioned to take advantage of long-term opportunities and continue our efforts to bring product innovations to market. Recent Events Reverse Stock Split On December 8, 2025, Workhorse effected a 1-for-12 reverse stock split.