Lordstown Motors aims to transform its Northeast Ohio home into Voltage Valley, a center of modern EV manufacturing. Now the company has secured an order for 900 Endurance electric pickup trucks from Ohio-based fleet management specialist Momentum Groups. Momentum specializes in corporate vehicles, from ordering to disposal, including purchase or lease financing options, fuel cards,… Read more »
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Ohio utility orders 250 Lordstown Endurance electric pickups
The latest electrification news from what some are calling Northeast Ohio’s Voltage Valley: Akron, Ohio-based FirstEnergy, an electric utility that serves over 6 million customers, has agreed to buy 250 Endurance electric pickup trucks from Lordstown Motors. Lordstown is aiming its Endurance pickup truck squarely at the fleet market. The onboard power export feature enables… Read more »
GM and LG Chem to build battery cell plant in Lordstown, Ohio
General Motors and LG Chem have announced plans to establish a battery cell assembly plant on a greenfield site in the Lordstown area of Northeast Ohio. The companies will invest up to $2.3 billion in the facility through a new joint venture. The new factory will eventually provide batteries for GM’s electric pickup truck, expected… Read more »
GM finalizes sale of Lordstown plant to Workhorse-affiliated EV builder
Well, what do you know! It appears the historic Lordstown deal is going to happen after all. Lordstown Motors (LMC) has formally announced its acquisition of the former GM manufacturing complex in Lordstown, Ohio. LMC, a spin-off of Workhorse Group (NASDAQ: WKHS), plans to begin production of an electric pickup at the Lordstown plant starting… Read more »
No, Workhorse hasn’t yet secured funding to buy GM’s Lordstown plant, but the deal is moving forward
For some time, Charged has followed the story of Workhorse Group, a Cincinnati-based company that has built a prototype electric pickup, has sold electric trucks to UPS and FedEx, and is in the running for a major contract to supply delivery trucks to the US Postal Service. Along with other observers of the EV scene,… Read more »
Volta Trucks becomes the latest electric truck maker to file for bankruptcy
Electric truck makers are having a rough time these days, as rising interest rates make fundraising harder. The German company B-ON, maker of the Streetscooter, filed for insolvency in September. In the latest chapter of Lordstown Motors’ colorful history, a bankruptcy court approved the sale of the company’s assets to its founder. Arrival is undergoing… Read more »
Former Tesla exec launches electric boat manufacturing firm in Florida
John Vo, the former Manufacturing Chief at Tesla, has formed a company to manufacture electric boats. Blue Innovations Group will demonstrate its hull, propulsion system and user interface at the upcoming Consumer Electronics Show in Las Vegas. The company has established a manufacturing site in Pinellas Park, Florida (next door to Charged’s home city of… Read more »
Foxconn launches two new EVs, targets contract manufacturing market
Everybody seems to be getting into the EV game these days, but Foxconn, which is famous as a contract manufacturer for Apple, is no newcomer to the field—it has been working to produce an EV since 2014. In 2021, Foxconn made a deal with Lordstown Motors, under which it bought a chunk of the latter’s… Read more »
California budget proposal includes $6.1 billion for EV initiatives
California Governor Gavin Newsom has presented a $286.4-billion budget proposal for the 2022-2023 fiscal year. This so-called California Blueprint includes $22.5 billion in climate-related investment, and some $6.1 billion of this consists of EV-related initiatives. Newsom defended the aggressive scale of the state’s proposed investment, and gently chided the US federal government for its far… Read more »
EIT InnoEnergy invests in in-wheel-drive maker Elaphe
EIT InnoEnergy has announced a €4.2-million investment in Elaphe Propulsion Technologies, a maker of EV in-wheel-drive technology. EIT InnoEnergy’s investment will serve as a springboard to secure further growth while giving Elaphe access to EIT’s sustainable energy and mobility innovation networks. Elaphe says its fully modular platform combines the in-wheel powertrain with software capable of… Read more »