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.Expand Expanding Close
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.Expand Expanding Close
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.Expand Expanding Close
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.Expand Expanding Close
Lordstown sells its Ohio factory to Foxconn in hope that it will help build its electric pickup truck
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.Expand Expanding Close
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.Expand Expanding Close
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.Expand Expanding Close
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.Expand Expanding Close
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.Expand Expanding Close
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.Expand Expanding Close
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.Expand Expanding Close
If you’re reading this article, you know Tesla. You may even be reading this from inside your Model 3 as it’s docked at a Supercharger. As we desperately scramble away from the ceaseless test of will that was 2020, we look toward to the new year with newfound hope and optimism. 2021 is a big year for everyone and everything, including electric vehicles. To help keep you in the know for the future, here are several of the best Tesla alternatives and where they currently lie on their journey up the EV ladder.Expand Expanding Close
Lordstown Motors and Camping World will work together to build an electric motorhome, announced in an event at Lordstown’s Ohio plant with Lordstown CEO Steve Burns and Camping World CEO Marcus Lemonis.
Lordstown also plans to use Camping World for nationwide service locations for the Endurance electric pickup truck.Expand Expanding Close
Karma Automotive decided to sue Lordstown Motors over what they allege is theft of technology.
It’s the latest drama in the electric vehicle industry, which has seen a spike in these kinds of lawsuits.Expand Expanding Close
Lordstown (RIDE) says that it received 50,000 pre-orders for its “Endurance” electric pickup truck.
The company has released a corporate update with a few interesting pieces of news.Expand Expanding Close
Lordstown Motors has released a video of its Endurance electric pickup truck in a tug of war battle against a 2019 Ford F-150 Lariat EcoBoost.Expand Expanding Close
Lordstown Motors (RIDE) has officially gone public through a reverse merger and now people are betting on the startup delivering an electric pickup truck with in-wheel hub motors.
It’s a technology that has never been implemented in a passenger electric vehicle for consumers before.Expand Expanding Close
Lordstown has revealed the interior of its upcoming Endurance electric pickup truck set for deliveries next year.Expand Expanding Close
Electric pickup truck maker Lordstown Motors announced today a new deal to go public through a reverse merger at a $1.6 billion valuation.Expand Expanding Close
Lordstown Motors has released a video of a working prototype of its electric pickup truck marketed as a vehicle for the “working man.”Expand Expanding Close