Lordstown Begins Production Of The Endurance, Hopes To Deliver 50 Units In 2022 | Carscoops carscoops
, with the first two vehicles rolling off the production line and a third one following shortly. Those are part of the initial batch of 500 vehicles, following homologation testing and certification processes that are already underway., and the remaining 450 from the first batch are expected to be delivered in the first half of 2023. Edward Hightower, Lordstown CEO and President, admitted the slow rate of production as they “address remaining part pedigree and part availability issues”.
The company currently continues testing and is finalizing the software updates before the first examples are delivered to their owners. Crash testing has been completed, while EPA and CARB applications have been submitted. Lordstown hopes to end this quarter with $195 million worth of cash and cash equivalents, and continues exploring capital raising alternatives including strategic partnerships.