Why Workhorse Group's Stock Is Surging Today

Shares of electric commercial-van maker Workhorse Group (NASDAQ: WKHS) were trading higher on Tuesday, after the company announced that its new battery-electric delivery vans have been approved for U.S. sale.

As of 2:30 p.m. EDT, Workhorse's shares were up about 20% from Monday's closing price.

Workhorse said in a statement on Tuesday morning that its new C650 and C1000 electric delivery vans have successfully completed Federal Motor Vehicle Safety Standards (FMVSS) testing, meaning that the company is now approved to sell the vans in the United States.

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Source Fool.com