American electric vehicle startup Lordstown Motors Corp. has unveiled new details of its planned entry into the hotly contested electric pickup truck segment. Apart from releasing the first images of its Endurance electric pickup truck's interior, the company also announced it had managed to secure more than 40,000 preorders.
The company, which is located in GM's former Lordstown Assembly plant in Ohio, announced that the preorders equate to about $2 billion in potential revenues for the company once the vehicles are delivered to customers. It has to be noted that pre-orders are not binding - which means the company may receive some cancellations before the delivery of its vehicle
Unlike other electric vehicles, the Endurance EV pickup sports a battery pack and electric motor on each wheel. The motors produce a claimed combined output of around 600 horsepower. The automaker claims that the design of its truck makes it a true 4-wheel drive vehicle, capable of getting customers out of any sticky and muddy situations.
The 2021 Lordstown Endurance pickup truck will start at around $52,500 for the base model. The company claims that the vehicle will have an EPA-rated range of more than 250 miles on a single charge.
Lordstown Motors originally unveiled the upcoming model earlier this summer. The company previously showed off Endurance's exterior design. On Wednesday, the company organized an event at the Ohio Statehouse to showcase its truck's technology to state lawmakers.
"I am thrilled to have Lordstown Motors at the Statehouse today highlighting the ingenuity and economic revival in the Mahoning Valley," Senator Michael Rulli stated during the event in Columbus.
Also in attendance at the event was Ohio Senate President Larry Obhof, who mentioned during his speech that the truck represents a major milestone in ensuring the future of the state. He also publicly commended Lordstown Motors and its commitment to invest in the state and its people.
In August, Lordstown Motors announced that it had entered into an agreement with Diamond Holdings Corp, which effectively made it a publicly listed company on the NASDAQ. Under the deal, the combined company would be trading on the exchange under the ticker symbol "RIDE," allowing it to raise funds through the capital markets.
