Lordstown Motors Releases Business Updates; Prepares Ohio Factory to Begin Building Betas Next Month - Seite 2

Lordstown Motors has been added to the United States General Services Administration listing, the first step towards 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 believes these markets represent a significant opportunity for the Endurance and follow-on products.

Construction continues on an 800,000 square foot propulsion renovation at Lordstown Motors’ 6.2 million square foot Ohio headquarters. Completion of the first stage of the previously announced facility, which will house production lines for advanced battery packs and hub motors, is expected in time for the planned start of production of the Endurance in 2021. When completed, Lordstown Motors expects the facility to be one of the largest of its kind in the United States.

Lordstown Motors currently has 343 full-time employees, including 171 at its Ohio headquarters, 131 engineers at the satellite research and development center in Farmington Hills, Michigan, 18 remote workers and 23 at the service center in Irvine, California. The company expects to increase its internal headcount to upwards of 1,000 individuals by the end of 2021 across the areas of manufacturing, engineering, marketing, sales, facilities, human resources, IT, supply chain, accounting and finance. Individuals interested in careers with Lordstown Motors Corp. can click here.

Lordstown Motors expects to announce its full-year 2020 financial results and hold its first earnings call in March 2021.

About Lordstown Motors Corp.
Lordstown Motors Corp. is an Ohio-based original equipment manufacturer of light duty fleet vehicles, founded by CEO Steve Burns with the purpose of transforming Ohio's Mahoning Valley and Lordstown, Ohio, into the epicenter of electric-vehicle manufacturing. The company owns the 785 acre, 6.2 million square foot Lordstown Assembly Plant where it plans to build the Lordstown Endurance, believed to be the world's first full-size, all-electric pickup truck designed to serve the commercial fleet market. For additional information visit www.lordstownmotors.com.