The Lordstown Motors Corporation is an American electric car manufacturer based in Lordstown, Ohio. The Lordstown auto company is based at the former General Motors Lordstown Assembly plant. Lordstown Motors is entering the electric vehicle market with the Endurance light truck. Not only is Lordstown a new automaker entering what looks to be a crowded electric vehicle space, with competitors from similarly unknown companies like Rivian as well as established players including Ford and GMC, Lordstown Motors currently has a lot to prove. , before they take it. seriously
The Lordstown Endurance is an all-wheel drive (AWD) electric truck under development. Lordstown Endurance Truck design includes independent hub motors on all four wheels. The AWD hub motor system is designed to reduce the amount of moving parts with no axles or transmission. In 2019, the truck should be released on the American market. Lordstown also acknowledged further production delays for the Endurance, stating that they will need to raise more capital to produce the original target of 500 vehicles, but now expect to start delivering vehicles to customers by the end of the year.
|Stock price||RIDE (NASDAQ) $1.19 Dec, 2022|
|Revenue||0 USD (Fiscal Year Ended 31 December 2020)|