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Lordstown Motors Corp
3.65
+0.30 (+8.96%)
Last Update: 25 Aug 2023 16:30:00
Yesterday: 3.35
Day's Range: 3.5 - 3.78
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0.592
Lordstown Motors Corp is an American electric vehicle manufacturer based in Lordstown, Ohio. The company was founded in 2019 and is focused on producing electric pickup trucks for commercial use.
Lordstown Motors Corp's flagship vehicle is the Endurance, an all-electric pickup truck designed for fleet customers. The Endurance features four in-wheel hub motors, a range of up to 250 miles on a single charge, and a towing capacity of up to 7,500 pounds.
The company is led by CEO Steve Burns, who previously founded Workhorse Group, an electric vehicle manufacturer focused on delivery trucks. Lordstown Motors Corp acquired the former General Motors factory in Lordstown, Ohio, in 2019 and plans to begin production of the Endurance in late 2021.
Lordstown Motors Corp went public in October 2020 through a merger with DiamondPeak Holdings Corp, a special purpose acquisition company (SPAC). The merger raised $675 million in gross proceeds for the company.
The company has faced some challenges, including a short-seller report that alleged Lordstown Motors Corp had misled investors about the demand for its vehicles. The company has denied the allegations and said it is on track to begin production of the Endurance in late 2021.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
Lordstown Motors Corp's flagship vehicle is the Endurance, an all-electric pickup truck designed for fleet customers. The Endurance features four in-wheel hub motors, a range of up to 250 miles on a single charge, and a towing capacity of up to 7,500 pounds.
The company is led by CEO Steve Burns, who previously founded Workhorse Group, an electric vehicle manufacturer focused on delivery trucks. Lordstown Motors Corp acquired the former General Motors factory in Lordstown, Ohio, in 2019 and plans to begin production of the Endurance in late 2021.
Lordstown Motors Corp went public in October 2020 through a merger with DiamondPeak Holdings Corp, a special purpose acquisition company (SPAC). The merger raised $675 million in gross proceeds for the company.
The company has faced some challenges, including a short-seller report that alleged Lordstown Motors Corp had misled investors about the demand for its vehicles. The company has denied the allegations and said it is on track to begin production of the Endurance in late 2021.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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