Lordstown Motors

EV startup Lordstown Motors (RIDE) announced a reverse stock split Tuesday as it attempts to remain listed on the NASDAQ exchange and secure funding to keep the Endurance electric pickup alive.

Lordstown’s (RIDE) five-year-long odyssey to bring the Endurance electric truck to market may soon come to an end. The EV startup said Thursday it anticipates production of the Lordstown Endurance will “cease in the near future” with limited funding available.

EV start-up Lordstown (RIDE) just hit another major hurdle in its journey to bring the Endurance electric pickup to market. According to an SEC filing on Monday, Lordstown may be facing bankruptcy after Foxconn, which has been a lifeline for the company thus far, signaled an end to their investment agreement.

EV startup Lordstown Motors (RIDE) said it had received a notice of delisting from The NASDAQ Stock Market LLC Wednesday due to its falling stock price. Lordstown and other EV startups have seen their stock prices crater since going public, falling over 90% in many cases.

Lordstown Motors (RIDE) Endurance EV pickup sales began in Q4, with the company selling not one, not two, but three vehicles in the fourth quarter of 2022. Although Lordstown beat the Tesla Cybertruck to market, the EV startup faces more financial woes with widening losses in Q4 and an ongoing production halt.

Meanwhile, Lordstown says it’s progressing on a new EV program with Foxconn.

Ohio-based EV manufacturer Lordstown Motors (RIDE) has hit another roadblock in its quest to bring its Endurance electric pickup to market. After several years of waiting, Lordstown says Endurance EV buyers will have to wait a little longer after announcing it will pause production amid a voluntary recall.

It’s an exciting day for electric truck enthusiasts, with Lordstown Motors (RIDE) announcing its Endurance EV pickup has achieved full homologation. The first batch of 500 EV pickup trucks is leaving its Ohio Foxconn facility en route for customer delivery.

Global tech company Foxconn has announced it will invest at least another $70 million and up to $170 million total in EV startup Lordstown Motors. Foxconn’s $70M investment in Common Stock shares of Lordstown will help the company with its corporate strategy, while the two parties are shifting their previously announced $100 million joint venture into a Preferred Stock investment that will fund a “new EV program” run within Lordstown Motors instead.

After a tumultuous four-year journey to this point, Lordstown Motors has announced it has finally reached that pivotal moment in any flagship EV lifecycle, the start of commercial production. The American EV automaker shared that it has already completed two production-ready Endurance pickups as part of a slow ramp up in Lordstown, Ohio toward 500 units that will begin sales next quarter.

Electric vehicle maker Lordstown Motors released its Q2 2022 earnings report today, and despite not delivering an EV yet, the company posted its first operating profit.

Less than twenty-four hours after announcing the closing of its purchase of an Ohio assembly plant from Lordstown Motors, Foxconn and its partner Fisker Inc. announced the facility will soon be home to production of the latter’s upcoming PEAR EV.

Back in an unassuming corner near the exit of the ACT Expo at the Long Beach convention center sits a black Lordstown Motors Endurance pickup. As at least two ACT attendees asked questions about the prototype, its manufacturers were publicly announcing the official sale of its assembly plant. Lordstown Motors has officially closed its deal with Foxconn, who will now build the former’s Endurance pickup under a new joint venture (JV) and manufacturing contract.

Famous as a major iPhone assembler and would-be electric carmaker, Foxconn chairman Young Liu said on Sunday that electric pickup trucks will begin rolling out of the Lordstown, Ohio plant in the second half of this year.

Lordstown announced that it has agreed to sell its Ohio factory to Chinese manufacturing giant Foxconn in the hope that it can help the startup build its electric pickup truck.

Lordstown Motors is again finding itself in hot water on the road to try to bring to market its ambitious electric pickup as both the CEO and CFO are leaving.

The Electrification Coalition delivered a letter to Michigan Governor Gretchen Whitmer Wednesday, backed by 58 businesses, including Rivian, Volvo, EVgo, and Arrival, to name a few. The letter urges the governor to join the Multi-State Medium- and Heavy-Duty Zero Emission Vehicle Memorandum of Understanding, which would expedite the electrification of trucks and buses throughout the state.

Lordstown Motors recently entered its electric Endurance pickup truck in the SCORE San Felipe 250 race, only to have to drop out after stage one. Although the Endurance truck and its components withstood the elements, the Lordstown team admitted its pre-race estimates for energy consumption were wrong, and the EV prototype would likely not make it through stage two.

Today, Lordstown Motors rolled the first two Beta versions of its Endurance electric pickup truck off its manufacturing line. These two Betas are the first of 57 planned in total for Lordstown, as it gears up for mass production of the Endurance this fall.

Lordstown Motor, an electric pickup truck startup that became a billion-dollar company after going public, is seeing its hype train slow down after a prototype caught on fire and its vast order book is called into question.

After declaring entry into the San Felipe 250 race, Lordstown Motors revealed images of its Endurance truck. The beta race version of the automaker’s first electric pickup truck will hit the 290-mile loop this April. Full-fledged production of the consumer Endurance truck begins in fall.

Lordstown claims to now have received more than 100,000 pre-orders for its electric pickup truck ahead of the start of production later this year.