Lordstown Motors Corp. (RIDE) :1,42 781.291 7,58%
LORDSTOWN, Ohio, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or the “Company”), an original equipment manufacturer (“OEM”) of electric light duty vehicles focused on the commercial fleet market, today announced:
Lordstown EnduranceTM full-size battery-electric pickup truck has achieved full homologation, a key condition to start sales
EPA and CARB certification has been received
FMVSS crash and non-crash testing successfully completed
First customer vehicles leaving the Foxconn EV Ohio plant for delivery
EnduranceTM advanced to finalist in the North American Truck of the Year competition
Executive Commentary
Lordstown Motors is pleased to announce that our EnduranceTM full-size battery electric pickup truck has achieved full homologation. Certification has been received from both the EPA and CARB. These were the key conditions to start customer sales. The first units, of our initial batch of 500, are leaving the Foxconn EV Ohio plant for customer delivery. As disclosed earlier, production volume will ramp slowly and accelerate as we resolve supply chain constraints.
“I am very proud of the Lordstown Motors and Foxconn EV Ohio team for their hard work, grit, and tenacity in achieving this milestone. We are very excited to start delivering vehicles to our commercial fleet customers. The EnduranceTM will provide benefits to customers that use their vehicles for work. It optimizes key attributes of traction and maneuverability - with our in-wheel hub motors, safety - with our five-star crash performance, and value in the segment,” said Edward Hightower, Lordstown CEO and President.
We are also excited to have advanced as a finalist in the North American Truck of the Year competition. We look forward to the judges’ announcement of the winner in January.
About Lordstown Motors Corp.
Lordstown Motors is an electric vehicle (EV) OEM developing innovative light duty commercial fleet vehicles, with the Endurance all electric pickup truck as its first vehicle and being launched in the Foxconn EV plant in Lordstown, Ohio. Lordstown Motors has engineering, research and development facilities in Farmington Hills, Michigan and Irvine, California. For additional information visit www.lordstownmotors.com.
