Announced

Motiv Electric Trucks to merge with Workhorse Group in a $105m deal.

Synopsis

Motiv Electric Trucks, a manufacturer of medium-duty electric trucks and buses, agreed to merge with Workhorse Group, a technology company focused on pioneering the transition to zero-emission commercial vehicles, in a $105m deal. “Bringing together two leading OEMs in the medium-duty space strengthens our ability to reduce the cost of electric trucks and make the total cost of ownership even more compelling,” Scott Griffith, Motiv CEO.

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