© Reuters Lordstown (RIDE) begins delivery of Endurance EV truck
By Michael Elkins
Shares of electric vehicle maker Lordstown Motors Corp (NASDAQ:) are trading up Tuesday after the company announced that the first production units of their all-electric truck, the Endurance are leaving the company’s Ohio factory and headed to customers.
In a key milestone for the company, Lordstown said its Endurance was certified for sale by the U.S. Environmental Protection Agency and the California Air Resources Board following a successful series of tests, including crash testing. It’s now shipping the first of an initial batch of 500 trucks.
The Endurance is being built by Foxconn in the Ohio factory that the Taiwanese contract manufacturer bought from Lordstown earlier this year.
Shares of RIDE are up 7.46% in mid-day trading on Tuesday.
Be the first to comment