Lordstown Motors plans to start production of its all-electric Endurance pickup truck this September, and with that in mind, it has signed a multi-year contract with LG Energy Solution to supply battery cells.
Tag : Endurance
Short-seller Hindenburg Research has now taken aim at the next up-and-coming electric car maker after Nikola Motor and Kandi: this time it's startup Lordstown Motors, which is being hit with serious allegations.
Lordstown Motors plans to start production of its all-electric Endurance pickup truck in September, but now Lordstown CEO Steve Burns has announced that the company needs additional capital, and without it, it can only produce half the number of units it originally targeted.
Electric car startup Lordstown Motors has officially warned of going-concern risks for the company in a filing with the U.S. Securities and Exchange Commission. CEO Steve Burns had already made public a need for more capital a few weeks ago, and the planned start of production in the fall appears to be in jeopardy.
Financially troubled electric car startup Lordstown Motors has named a new CEO, Daniel Ninivaggi, following the resignations of Steve Burns as CEO and Julio Rodriguez as chief financial officer.