Lordstowns

Lordstown Motors' problems now include the performance of its first EV. The Environmental Protection Agency (EPA) has rated the Endurance pickup's range at just 174 miles. For context, the all-wheel drive Ford F-150 Lightning manages 240 miles with a smaller battery, and the Rivian R1T manages 289 miles. This is also well short of Lordstown's original claim that the truck would manage an EPA-rated 250 miles of driving. We've asked Lordstown for comment. Autoblog notes EPA figures are sometimes too conservative. The…

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 journey so far After going public in 2020 via a SPAC merger under the ticker “RIDE,” Lordstown watched its valuation soar with heightening interest in EV makers. Shortly after, Lordstown felt the pressure with a disappointing prototype and its CEO and CFO abruptly resigning. With the…

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. Lordstown has faced an uphill battle in bringing its first electric model, the Endurance pickup, to the market since its founding in 2018. After going public on the US NASDAQ exchange…