24/7 Market News Snapshot 15 August, 2025 – Workhorse Group, Inc (NASDAQ:WKHS)
DENVER, Colo., 15 August, 2025 (www.247marketnews.com) – (NASDAQ:WKHS) are discussed in this article.
Workhorse Group, Inc. (WKHS) is showing significant market momentum, with shares opening at $1.75 and currently trading at $2.033, reflecting an increase of approximately 14.86% from the previous close at $1.77. The heightened trading activity, evidenced by a volume of 2.22 million, signifies a resurgence in investor interest. Analysts suggest that sustaining a close above the $2.00 threshold could bolster bullish sentiment, with support levels potentially found around $1.75. Observing technical indicators will be crucial for assessing trend strength and potential market reversals in the coming days as enthusiasm continues to build.
In a transformative move for the medium-duty electric vehicle sector, Workhorse Group has entered a definitive merger agreement with Motiv Electric Trucks. This strategic collaboration merges Workhorse’s established vehicle manufacturing expertise and extensive national dealer network with Motiv’s rich product variety and critical fleet partnerships. The alignment is set to create a dominant player poised to control significant portions of the $23 billion medium-duty electric truck market.
The anticipated merger is expected to generate enhanced value and foster innovation through combined operational efficiencies and expanded product lines, enabling the delivery of high-performing commercial electric vehicles at competitive cost structures. This approach is designed to enhance the total cost of ownership for clients while promoting a shift towards greener transportation solutions.
Scott Griffith, the CEO of Motiv, will lead the integrated organization, with Rick Dauch, Workhorse’s current CEO, stepping in as an advisor to ensure a seamless transition. “This merger marks a pivotal point not only for our companies but for the industry as we work towards achieving cost parity with traditional internal combustion vehicles,” Griffith remarked.
The completion of the merger is anticipated in the fourth quarter of 2025, subject to shareholder approval and standard closing conditions. Together, Workhorse and Motiv are poised to spearhead advancements in sustainable commercial transportation.