![]() Lordstown had previous set a target of 50 vehicle deliveries for 2022, with 5.Īs CEO Edward Hightower explained in an update call, Lordstown plans to build those 500, but because of the need for hard tooling necessary to reduce the production cost, and the additional investment needed to achieve that, it may pause production after that if it can't find a partner to help scale up the electric truck. Cash-strapped EV startup Lordstown Motors is pushing back the release of its Endurance electric pickup truck to the third quarter of 2022. Were told the Endurance will make a combined 440 horsepower from its futuristic hub-motor system. ![]() "We have sold a total of six vehicles, of our planned initial batch of up to 500 units," the company said. In the presentation, Lordstown said that through February approximately 40 trucks had been completed or were in the process of being assembled. Lordstown Motors San Felipe 250 Race Truck. The recall affects just 19 trucks, some of which have made it into customer hands, representing about half of the vehicles built so far. EV startup estimates it can deliver 50 trucks to customers in 2022, and 450 in the first half of 2023if it can raise enough capital. 2023 Lordstown Endurance Electric Pickup Is Up and Running The battery-electric full-size pickup truck is aimed at fleet buyers, but the startup has less cash than Rivian and less market. Driving the news: Lordstown Motors said Thursday it stopped production and customer delivery to address quality and performance issues. And now Lordstown is a symbol of the industrywide shift toward. Why it matters: Multiple companies face serious financial woes.Further missteps across the industry could set it back years. ![]() This could cause loss of power, and prevent the truck from being restarted once turned off, according to the recall notice. The factory was sold to Lordstown Motors, a startup building an electric pickup truck that's scheduled to be unveiled on Thursday. It's since clarified that the recall is due to a potentially faulty high voltage cable connecting the inverter and motor. Endurance production started late last year under that arrangement, but Lordstown recently paused production ahead of a recall that it's still working through.
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