Workhorse Group (NASDAQ: WKHS) built just seven trucks in the fourth quarter as its underdeveloped production systems and supply chain issues continued to hold down the electric maker’s progress even as orders have grown sevenfold compared with a year ago.
“We are facing various supply chain challenges, both internal and external,” CEO Duane Hughes said on the company’s Q4 earnings call Monday. “Given our backlog, we cannot sacrifice future build volume for current-year production. Scaling up...
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