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Lordstown Motors expects to sell 500 Endurance pickup trucks in 2022 -Breaking


© Reuters. FILE PHOTO A Lordstown Motors sign can be seen at Lordstown Assembly Plant, Lordstown (Ohio, U.S.A), June 21st, 2021. REUTERS/Rebecca Cook

(Reuters) – Lordstown Motors Corp announced Monday that the startup for electric vehicles Lordstown Motors Corp expects to make and sell 500 Endurance-electric pickup trucks this fiscal year.

In 2023, the company plans to sell up to 2,500 units.

As the automaker revealed that $115million was spent on expenses related to Endurance, its net loss in the fourth quarter grew to $81.2million.

Because of parts and material shortages and other supply chain problems, Ohio’s start-up delayed the launch by one quarter to three quarters.

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