![]() Executives still haven’t figured out how to sell the truck, according to the Detroit Free Press. Pricing for the Lordstown Endurance starts at $52,500, though buyers will be eligible to claim a one-time tax credit of up to $7,500. Details about the battery pack haven’t been released yet. The rest of its specifications are rather vague: on its website, the company quotes a 600-horsepower output (which is on par with many sports sedans), a top speed electronically limited to 80 mph, a 7,500-pound towing capacity, and up to 250 miles of range. This layout gives the truck a through-the-road four-wheel drive system, and allows each wheel to be controlled individually. Instead of putting one electric motor over each axle, which is the configuration used by a vast majority of electric cars sold in 2020, its engineers chose to give each wheel its own motor. Lordstown developed the technology that powers the Endurance in-house. The Endurance seats five passengers, and it offers a generously sized storage bin under the front armrest. We don’t see many buttons, so most functions are likely accessible via the screen, and the driver sits in front of a four-spoke steering wheel. ![]() Lordstown hasn’t revealed the truck’s interior yet, but a design sketch suggests it receives a function-oriented dashboard with a wide screen that combines the instrument cluster and the infotainment system. Ram EV concept previews truck brand’s electric futureĮV glossary: All of the electric vehicle jargon you need to know It said it remained committed to delivering high-quality vehicles to its customers.2023 Tesla Roadster: Everything we know about the electric car The company also said it was working to address the issues raised by the short-seller report and the SEC probe and to improve its internal controls and governance. It said it was exploring various options to raise more funds, including selling some of its assets, borrowing money, or issuing new shares. The company claimed it had received more than 100,000 pre-orders from commercial fleets and individual customers.īut now, Lordstown Motors said it might need more money to start production in September as planned or to maintain minimum operating levels. The Lordstown Endurance, which was unveiled last June with much fanfare and a visit from former President Donald Trump, was supposed to be the first electric pickup truck to hit the market this year. Lordstown Motors was one of several newcomers that aimed to challenge established automakers like Ford and GM in the lucrative pickup truck market. ![]() ![]() The company’s troubles are a setback for the electric vehicle industry, which has seen a surge of interest and investment in recent years. The company has also faced production delays, cost overruns, and an investigation by the Securities and Exchange Commission. Lordstown Motors has been under scrutiny since March when a short-seller report accused it of inflating its order book and misleading investors about its technology. ![]() It also warned that it had "substantial doubt" about its ability to continue as a going concern in the next year. In a regulatory filing on Tuesday, the company said it had only $259.7 million in cash at the end of March, down from $629.7 million at the end of 2020. Lordstown Motors, the startup electric vehicle maker that promised to revive a shuttered GM plant in Ohio, is running low on cash and may have to halt its Endurance pickup truck production. ![]()
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