Lordstown Motors Plans To Exhibit Endurance At ACT Expo
LORDSTOWN, Ohio – Lordstown Motors Corp. plans to display its all-electric light duty pickup, the Endurance, at the Advanced Clean Technology Expo in Long Beach, Calif. between May 9 and 11, the company announced Wednesday.
“Lordstown Motors is accelerating EV adoption with our all-electric light-duty pickup truck, the Endurance, designed and built for commercial use and we are excited to show it to our fleet customers at ACT Expo,” said Edward T. Hightower, president, Lordstown Motors. “We have a unique vehicle that will offer a superior combination of handling, traction control, responsiveness and maneuverability that we are confident will be appreciated by our customers.”
ACT Expo is the industry’s largest advanced transportation technology and clean fleet event and includes exhibits, education, training and networking, Lordstown Motors said.
The expo comes as the EV startup is trying to hammer out a deal with Foxconn to pave the way for the Taiwan-based tech company to purchase Lordstown’s plant in the coming days.
The deal calls for Foxconn to buy the plant for $230 million and a $50 million equity stake. So far, Foxconn has purchased the equity and has made payments totaling $200 million toward the purchase of the factory.
Any agreement also hinges on a contract manufacturing partnership that allows Foxconn to manufacture the Endurance and future Lordstown Motors products.
Last week, the company announced that a deadline to reach an agreement was extended from April 30 to May 14. Lordstown Motors said executives would provide an update on the agreements with its first quarter earnings release on May 9, the first day of the ACT Expo.
Published by The Business Journal, Youngstown, Ohio.