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This positive momentum is mainly attributed to the significant increase in the actual sales prices of products during the quarter. As the supply and demand in the steel market continued to improve, the company effectively enhanced its operational efficiency by optimizing its product pricing strategy. The strengthened profitability of the raw materials segment reflects the company's outstanding capabilities in cost control and market adaptability.

This adjustment means that the company will reduce the amount of financing available to customers. The reduction of this credit line may reflect Workhorse’s reassessment of current market demand or its own cash flow situation. As a company focused on the development of electric delivery vehicles, such financial decisions are often closely related to the pace of business expansion and capital management strategy. This change was officially disclosed through an SEC filing, highlighting the company’s prudent attitude towards capital allocation. Industry observers will closely monitor the potential impact of this adjustment on Workhorse’s future order fulfillment capability and business development.

This update will cover the strategically significant core therapies in the company’s research and development pipeline, providing investors and industry observers with the latest developments in R&D.