Endurance prototype to arrive in March
Company also developing electric van
LORDSTOWN — Lordstown Motors Corp. is targeting March to complete prototypes of its Endurance pickup and remains on track to launch full production of the battery-powered truck in September, the company announced.
The upstart electric vehicle maker also announced Thursday it is developing an electric van with plans to reveal it in June. Production is targeted for late 2022.
Already, the company has begun metal stamping and welding for the 57 beta prototypes that will be used for crash, engineering and validation testing and customer feedback.
“We are hard at work in the factory preparing to begin beta builds in the coming weeks,” company founder / CEO Steven Burns said. “With this step on the horizon, we remain on track to meet our September start of production timeline … .”
The company Wednesday posted a short video of metal stamping for the beta trucks in Farmington Hills, Mich., a satellite research- and-development site.
Based on the Endurance’s four in-hub motors platform, the van, produced in partnership with Camping World, initially will be used as a recreational vehicle.
In December, Lordstown Motors and Camping World, the largest retailer of recreation vehicles in the U.S., jointly announced a partnership to provide a coast-to-coast service network for the Endurance. The companies indicated then the deal could blossom into the development of new electric vehicle products in the RV market, including the first Class E electric motorhome in the nation.
Lordstown Motors acquired the former General Motors assembly plant in November 2019 after the automaker closed it earlier that year. Since, Lordstown Motors has been raising capital and retooling the plant to mass produce the truck.
It has 343 full-time employees, including 171 at the plant, 131 engineers in Farmington Hills, 18 remote workers and 23 at the service center in Irvine, Calif. The company expects to reach 1,000 employees by the end of the year.
The company also said Thursday it has signed a multiyear agreement with LG Energy Solutions, a battery-cell technology company affiliated with LG Chem.
Also, Lordstown Motors has been added to the U.S. General Services Administration list that the company called the first step toward being able to sell to government fleets.
“With this step complete, the company has started its outreach to state and local government entities, including the U.S. military,” the company said in a release.
On Wednesday, President Joe Biden signed executive orders that, in part, call for the federal government to convert its vehicle fleet to electric.
The company’s stock was trading on Nasdaq at between $23.93 and $27.33per share Thrusday afternoon.