Lordstown Unveils Two Beta Variations of Endurance Pickup
On March 31, Lordstown Motors rolled the primary two beta variations of its Endurance electrical pickup off the manufacturing line. The betas had been unveiled to the applause of Lordstown HQ employees.
“They’re critical to our success as we push forward producing the rest of our 57 Betas and dedicating our energies to beginning up mass manufacturing this September,” the company stated in a statement.
The originate of the beta objects comes at a principal juncture for the upstart automaker. The ultimate 12 months seen a flurry of enlighten that built-in bulletins on preorders, gaining a GSA itemizing, organising a gross sales and repair group, and opening a West Waft facility in Irvine, California. The company went public by the use of a SPAC merger in August 2020.
Lordstown obtained hit with a quick-vendor file by Hindenburg Be taught on March 12, which questioned the validity of the preorders and contended that the company turned as soon as “an estimated 3-4 years far off from manufacturing.” Which capability, the inventory tumbled from a extreme of $30.75 on Feb. 11 to $11.74 on March 31.
Lordstown has reiterated its originate date of September 2021. Later in April, the Endurance will place conclude half within the San Felipe 250 rally in Baja, Mexico.