Lordstown Motors has been given the go-ahead to ship the first batch of its Foxconn-produced initial electric truck model, as it obtained the Endurance’s required EPA and CARB certifications, according to ABC News.
That said, the American electric vehicle startup declared that the first units of the 500 Endurance pickups had begun to leave the factory. It did not specify how many pickups had been produced, though.
The company anticipates completing the delivery of 50 vehicles by year’s end and the remaining 450 units during the first half of 2023.
“I am very proud of the Lordstown Motors and Foxconn EV Ohio team for their hard work, grit, and tenacity in achieving this milestone. Volume will accelerate as we resolve supply-chain constraints.”
Edward Hightower, the company’s president, and CEO
Production plant
Notably, a former General Motors small-car assembly plant in Lordstown, Ohio, was used to build the electric trucks. For those unaware, Taiwan’s Foxconn Technology Group acquired the said vehicle production plant in 2021.
The flagship Endurance from Lordstown is planned to be produced in 3,000 units by the end of 2023, per the automaker.
The news caused the price of Lordstown Motors stock to increase by 3.79%. On a pro forma basis, Foxconn owns all of the existing preferred stock and 18.3% of the outstanding common stock of Lordstown.
