This EV Startup May Be About To Collapse ...Middle East

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EV startup Lordstown warned it may have to shut down its business before this year’s end as its funds run out. The Wall Street Journal reported the company had said it did not have enough cash to start the commercial production of its electric pickup truck, which was initially scheduled for this fall. In an update last November, Lordstown said it had received 50,000 non-binding reservations from commercial fleets for the Lordstown Endurance truck, with the average order at 500 vehicles. Plans were to start commercial production at limited…

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Last updated : 09 June 2021 clock 06:00 PM

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This EV Startup May Be About To Collapse ...Middle East

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