Lordstown (RIDE) delivers just 3 EV pickups in 2022, pivots to new EV platform
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Lordstown Motors Reports Fourth Quarter and Fiscal Year 2022 Financial Results
March 6, 2023 7:30 AM ESTLORDSTOWN, Ohio, March 06, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE Lordstown Motors or LMC), an original equipment manufacturer (OEM) of electric light duty vehicles focused on the commercial fleet market, today released its fourth quarter and fiscal year 2022 financial results and provided a business update.
Fourth Quarter and Recent Business Highlights
Foxconn Investment of up to $170 million, subject to certain conditions; initial $52 million fundedProgressed pre-development work on the new program in collaboration with Foxconn EV EcosystemStart of commercial sales of the EnduranceTM, an electric full-size pickup truckSupplier quality and performance... More