Lordstown Making New EV Plans After Selling 3 Electric Trucks In 2022 via insideevs.com
, though there's been every indication since the beginning that even the most well-known EV startups are up against a world of adversity.has been doing this for what seems like forever now, and it just recently got to the point that it's no longer considered by most as a struggling startup on the verge of bankruptcy. However, there are still plenty of folks who think the US EV maker won't make it over the longer term.
After losing loads of money and its top executives, Lordstown was on the brink of disaster. Fortunately, Foxconn, an electronics company out of Taiwan, helped save the electric truck maker on a number of occasions. Foxconn bought Lordstown's Ohio factory and has been helping the EV startup with numerous substantial investments.
Thus far, the help of Foxconn hasn't been enough to push Lordstown more successfully forward. The company isn't currently producing its trucks, and it's also in the midst of a voluntary recall. In November, Lordstown claimed that 500 Endurance vehicles were heading out from its factory. Not long after, it seemed only 40 were actually ready or almost ready, and only three were delivered in 2022. Since then, the company reportedly delivered three more.
With all of that said, Lordstown insists it's working on the recall issue while Foxconn is continuing to invest and assist. The electric truck maker also claims that its next-gen platform will be the key to its future success. We'll have to wait and see how this all unfolds. Leave us your thought about Lordstown in the comment section below.
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