The US electric car start-up Lordstown Motors has announced that it has experienced performance and quality issues with certain Endurance components that have led the company to temporarily stop production and customer deliveries.
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US electric car start-up Lordstown Motors has received full homologation for its first model Endurance, clearing the way for sales to begin. Certification for the electric pickup truck has been granted by both the federal EPA (Environmental Protection Agency) and the California CARB (California Air Resources Board).
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The Taiwanese contract manufacturer Foxconn is investing a total of up to 170 million US dollars in the US electric car start-up through the purchase of ordinary shares and newly created preference shares. This brings Foxconn’s stake in Lordstown Motors to almost 20 per cent.
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Lordstown Motors has begun production of its Endurance electric pickup truck. The U.S. electric car startup is having the electric truck built by contract manufacturer Foxconn, which bought the Lordstown car plant in the U.S. state of Ohio with this in mind.
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Lordstown Motors has replaced its chief executive with Edward Hightower who has, until now, been president of the company since November. Other new appointments have also been made.
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The US car company General Motors apparently sold its stake in the electric car startup Lordstown Motors last quarter. Things are not going well at Lordstown: the company had to significantly cut plans for the production and sale of the Endurance electric pickup.
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The Canadian battery recycling company Li-Cycle has announced its first factory outside North America, in Norway. What is more, the company is building another recycling factory in North America in cooperation with GM’s Ultium Cells. The plant will be Li-Cycle largest facility to date.
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Foxconn will buy the car plant of the electric car start-up Lordstown Motors in Lordstown in the US state of Ohio. This is provided for in an agreement in principle that has now been concluded between the two sides. Foxconn will then take over the production of the electric pickup truck Endurance for Lordstown Motors.
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The financially troubled electric car start-up Lordstown Motors has appointed a new CEO, Daniel Ninivaggi. Previously, Steve Burns had stepped down as CEO and Julio Rodriguez as CFO.
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The financially troubled electric car start-up Lordstown Motors has a new idea to raise fresh capital: The company could share its production facility with other carmakers.
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The initially promising startup has had a bit of a roller coaster ride. After cash issues and an embarrassing prototype endurance race in Mexico, it seemed the company had weathered the worst. Now an investigation by the US Justice Department looms.
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It is official – Lordstown Motors is at risk of bankruptcy and said as much in the latest filing to the US Securities and Exchange Commission SEC. The company now has “substantial doubt” about staying in business over the next twelve months, not to mention producing the Endurance electric pickup truck.
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Lordstown Motors plans to start production of its all-electric Endurance pickup truck in September, but has so far given no indication of the intended production volume. Now Lordstown CEO Steve Burns has announced that the company needs additional capital.
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The US startup Lordstown Motors wanted to demonstrate the capabilities of its future all-electric Endurance pickup truck at a desert race in Mexico, but the plan went awry due to energy management issues.
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After taking on Nikola Motor and Kandi, the short-seller Hindenburg Research is now taking aim at the startup Lordstown Motors. The claim is that Lordstown misled investors in the past.
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General Motors is planning to build a second plant in the US to manufacture battery cells for electric vehicles as part of its joint venture with LG. In response to a media report that GM was close to making a decision, the carmaker itself confirmed the plans.
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Lordstown Motors plans to start production of its all-electric Endurance pickup truck in September this year. Lordstown has just signed a multi-year contract with LG Energy Solution to supply battery cells.
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Another lawsuit of electric carmaker against carmaker has made it to the US courts. Karma Automotive filed a federal lawsuit against Lordstown Motors, accusing the Ohio company of theft of intellectual property, breach of contract and poaching. It is not the design this time though but pure Infotainment.
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Lordstown Motors plans to go public on the US stock exchange Nasdaq through a merger with the investment company DiamondPeak Holdings. It is not the only American EV startup with such plans.
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Lordstown Motors has now officially introduced its all-electric pickup truck. The Lordstown Endurance has an electric motor on each wheel, an output of 447 kW and prices start at $52,500 US. However, even the prototype leaves several questions unanswered.
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On June 22, the configurator for the all-electric compact crossover Ford Mustang Mach-E is to be activated and thus reservations can be converted into orders. At the same time, the US startup Lordstown Motors has announced the presentation of its Endurance electric pickup truck for the same day.
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For its planned e-pickup truck Endurance, the US startup Lordstown Motors relies on wheel hub motors from the drive specialist Elaphe Propulsion Technologies. Lordstown wants to produce the dedicated technology themselves.
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The US-American startup Lordstown Motors is hoping for a 200 million dollar loan from the US Department of Energy’s Advanced Technology Vehicles Manufacturing program, from which Tesla, among others, has benefited from in the past. A drivable prototype of the electric pickup will be presented in June.
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General Motors has published plans for the serial production of battery cells for future battery electric vehicles, confirming earlier rumours. GM together with LG Chem will manufacture the cells in considerable numbers in Ohio.
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General Motors apparently intends to produce their own battery cells in the future. This is the result of statements GM has made to the US car union United Auto Workers (UAW) in current talks to settle a strike.
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