![]() Ford unveiled an EV version of its bestselling F-150 last month and claims to have raked in tens of thousands of pre-orders in the first days after the reveal. Also in March, the Lordstown confirmed it was the subject of a Securities and Exchange Commission investigation.Įven without its apparently serious financial problems, Lordstown was facing new and stiff competition on the EV pickup front. It was the subject in March of a report from investment research firm Hindenburg Research, which said the company had misled investors and may have been lying about pre-orders for its truck (the company says it has 100,000 pre-orders from fleet customers). This isn’t the first we’ve heard of trouble at the startup. The Endurance was unveiled last summer with then Vice President Mike Pence in attendance. However, by this spring it was clear production had never begun. Fleet customers were supposed to get first dibs at the trucks, and Lordstown said private customers could expect delivery by the end of the year. The company has released a corporate update with a few interesting pieces of news. Lordstown had originally promised that it would start building its Endurance pickup truck, with a promised 600 horsepower and roughly 250 miles of range, early this year. Lordstown (RIDE) says that it received 50,000 pre-orders for its Endurance electric pickup truck. Now available for pre-order, the Endurance has a price of 45,000 once federal rebate is applied. Lordstown’s inability to start production on its first product raises serious questions about the viability of the company and how long it can continue operating. ![]() That revelation came in a regulatory filing on Tuesday and was first reported by the Wall Street Journal. "I already had the experience with the fleet and commercial markets from a past startup," he said, "and I saw they were so excited about it and it's like a perfect match."īurns thought it would be harder to attract "high-end folks," he said. "Well, we've been able to get the best of the best.Lordstown Motors, an EV startup based in an Ohio town of the same name, doesn’t have enough money to start building trucks by the end of the year as previously promised. Being a part of another electric vehicle startup like Tesla, Vo said, was "very compelling."ĭarren Post, vice president of engineering for Lordstown Motors, worked for Karma Automotive and other startups after retiring in 2012 from GM, where he ran car programs. The technology and business plan to focus on fleets at Lordstown Motors attracted him. He worked at Tesla for seven years before leaving to start his own company and was then recruited by Burns to join him in the new venture. John Vo, head of propulsion systems for Lordstown Motors, is one of those hires. Now he's got to make more vehicles faster than expected, and he's hired about 200 folks to help make it happen, including former Tesla Inc. Lordstown will deliver its Endurance truck to ‘select early customers’ early next year TechCrunch Transportation Lordstown will deliver its Endurance truck to ‘select early customers’. Lordstown Motors all-electric Endurance trucks had an original release date in late 2020 and a price tag of 52,500. ![]() ![]() Burns was surprised when he got up to 40,000 orders. The Lordstown, Ohio, plant used to pump out more than 400,000 Chevrolet Cruzes a year, but Burns says they could make closer to 600,000 Endurance trucks there because they have a more simplified build.īut the question remains if the demand will be there for that. Lordstown Motors has received 40,000 pre-orders for the truck.
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