Three years after its inception, Lordstown Motors has received approval to send its first batch of all-electric pickup trucks to customers.
LORDSTOWN, Ohio —
“I am very proud of the Lordstown Motors and Foxconn EV Ohio team for their hard work, grit, and tenacity in achieving this milestone,” Lordstown Motors CEO Edward Hightower said in a news release. “We are very excited to start delivering vehicles to our commercial fleet customers.” Executives had said previously that production would ramp up slowly because making the trucks were not yet cost effective, and that more capital investments were needed to bring down costs.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shares of Lordstown Motors rise as company begins electric truck deliveriesLordstown said it received final regulatory approval to sell its Endurance EV pickup. It started shipping the first trucks from a planned batch of 500.
Read more »
GM Targeting $50 Billion In EV Revenue By 2025General Motors believes it will make $50 billion in annual EV revenue by 2025.
Read more »
How Often Do Tesla's Batteries Fail? How About Tesla's Motors?It's tough to know for sure how often Tesla's batteries and electric motors fail. Looking at anecdotal evidence while working to collect more is a good start.
Read more »
Buick luxury sedan design sketch would make a great flagshipA Buick luxury sedan design sketch with Wildcat concept similarities is posted to social media by General Motors' design department.
Read more »
Ferrari Vision Gran Turismo Is a Peek Into the Company's FutureThe virtual Vision Gran Turismo concept car, designed to appear in Gran Turismo, uses the V-6 from Ferrari's new Le Mans competitor and three electric motors.
Read more »
Ferrari Vision Gran Turismo concept is a V-6 single-seaterFerrari's Vision GT concept is a hybrid hypercar with a V-6 and trio of electric motors.
Read more »