11 Facts About Lordstown Motors

Lordstown Motors Corporation is a potential American electric vehicle automaker located in Lordstown, Ohio.

Lordstown Motors was based at the Lordstown Assembly plant which previously belonged to General Motors.

Lordstown Motors was founded in 2018 by Steve Burns, former CEO of Workhorse Group.

In March 2020, Lordstown Motors paid Workhorse Group US$12 million dollars for the licensing rights to the intellectual property of the Workhorse W-15 pickup truck.

Lordstown Motors intends on developing its own electric pickup truck based upon Workhorse's preexisting design.

Related searches

Hindenburg's report showed that thousands of Lordstown Motors's claimed orders were non-binding, no-deposit indications of interest by companies without the apparent financial strength to support the size of the orders.

The report claimed significant production delays beyond Lordstown Motors's claimed timeline with trucks three to four years away from production, stock sales by insiders amidst vehicle testing problems, and irregularities in the background of Lordstown Motors's founder, Steve Burns.

Lordstown Motors responded with a statement saying, “We will be sharing a full and thorough statement in the coming days, and when we do we will absolutely be refuting the Hindenburg Research report.

In October 2021, Lordstown Motors announced a $230 million deal to sell the former GM plant to Foxconn Technology Group, which would become a contract assembler for the company's Endurance pickup truck.

Foxconn deal was finalized in May 2022, and FoxConn and Lordstown Motors created a new joint-venture, MIH EV Design LLC, to develop and produce a lineup of EV vehicles.

Lordstown Motors Endurance is an in-development all-wheel-drive, electric pickup truck.