Workhorse Group, Inc. (NASDAQ:WKHS) share are trading higher on Thursday. The company announced the release of the W56 with a 208-inch wheelbase on Wednesday after the market closed.

What To Know: The 208-inch wheelbase is an upgrade from the previous version which came in at 176-inches. In addition, the expanded wheelbase W56 is 22-feet long, capable of carrying up to 10,000 pounds and traveling up to 150 miles.

"We've added over one hundred refinements to this new variant of the W56, designed to provide enhanced efficiency and easier upfitting," said Workhorse Chief Technology Officer Josh Anderson.

"These include improved service access, additional charge port location options, new entry and cargo door options, and a revised rear box structure. Modular accessories such as doors, lighting, and lift gates support a wide range of commercial applications."

In addition, Workhorse stated that the cabin is designed for driver comfort and safety. Production of the expanded wheelbase W56 is set to begin during the third quarter.

WKHS Price Action: At the time of writing, Workhorse Group stock is trading 10.3% higher at $1.62, according to data from Benzinga Pro.

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