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EV start-up Lordstown (RIDE) just hit another major hurdle in its journey to bring the Endurance electric pickup to market. According to an SEC filing on Monday, Lordstown may be facing bankruptcy after Foxconn, which has been a lifeline for the company thus far, signaled an end to their investment agreement.
Lordstown has faced an uphill battle in bringing its first electric model, the Endurance pickup, to the market since its founding in 2018.
After going public on the US NASDAQ exchange in 2020, Lordstown became one of the high-profile EV stocks alongside Canoo (GOEV), Arrival (ARVL), Nikola, Faraday Future (FFIE), Rivian (RIVN), Lucid (LCID), and more.
Many of the start-ups mentioned above have experienced similar financial hardships, with rising input costs and supply chain disruptions.
https://bit.ly/3QXAwAQ
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TWRAPS Screen Protectors for Rivian R1T / R1S
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Subscribe - bit.ly/3m6HVyR
Join our Rivian subreddit for the latest Rivian News https://bit.ly/3zaOFCt
Support Volter Media when you shop on Amazon at no extra cost: http://bit.ly/VM-Amazon
ChargePoint 50amps 240v EV Charger: https://amzn.to/3KzvM1x
Lectron - Tesla to J1772 Adapter: https://amzn.to/36bfPj0
https://amzn.to/3w3R5nQ
Dell XPS 15: https://amzn.to/30PepbB
EV start-up Lordstown (RIDE) just hit another major hurdle in its journey to bring the Endurance electric pickup to market. According to an SEC filing on Monday, Lordstown may be facing bankruptcy after Foxconn, which has been a lifeline for the company thus far, signaled an end to their investment agreement.
Lordstown has faced an uphill battle in bringing its first electric model, the Endurance pickup, to the market since its founding in 2018.
After going public on the US NASDAQ exchange in 2020, Lordstown became one of the high-profile EV stocks alongside Canoo (GOEV), Arrival (ARVL), Nikola, Faraday Future (FFIE), Rivian (RIVN), Lucid (LCID), and more.
Many of the start-ups mentioned above have experienced similar financial hardships, with rising input costs and supply chain disruptions.
