Lordstown Endurance pickup gets EPA-rated 174 miles of range
makes the only other electric pickup on the market now, but a 135-kW pack is the smallest that can be fitted at the moment; the 105-kWh pack still isn't in production. While the Rivian on 20-inch wheels is a little less efficient in EPA testing, at 520 Wh per mile, theThere's still a place for a pickup with 174 miles of range on the market — plenty of vehicles infleets won't cover that distance in a workday. But we can't see a place for the Endurance at the price Lordstown wants.
The EPA numbers put pressure on Lordstown's ability to find a place for itself, as a company, in the market. A number of nascent electric-vehicle makers have been hit with warnings from the NASDAQ stock exchange this year about stock prices being too low. When a stock falls below $1 per share for more than 30 days, the company risks being delisted. Mullen already worked through the issue, performing a stock split that got the price temporarily above $1; it's back under $0.
In Lordstown's case, the typical fallout from delisting would be made worse by affecting funding agreements it has with Foxconn. The Chinese manufacturer said it would cancel the deal to buy 10% of Lordstown's common stock for $43.7 million if Lordstown weren't on the stock exchange. The question is how does Lordstown stay above the $1 water line with an expensive, troubled truck that hasn't begun to prove the maker's claims.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
2023 Lordstown Endurance: EPA Range Rating Reveals Terrible EfficiencyThe 2023 Lordstown Endurance is equipped with a 109-kWh battery, but it disappoints in terms of energy efficiency, which significantly affects the EPA range.
Leer más »
Alpine Gives Us A Glimpse Of LMDh Hypercar To Race Against Ferrari, Porsche, And Lamborghini | CarscoopsAlpine's new LMDh hypercar will compete in next year's full World Endurance Championship series car auto cars
Leer más »
Alfa Romeo finalizes 2024 Tonale EPA fuel economy, EV rangeAlfa's new plug-in hybrid Tonale received its EPA fuel economy and range ratings for 2024. It can do 33 miles on a full charge.
Leer más »
The EPA forges ahead toward less electricity supply and greater electricity demandThe Biden administration’s Environmental Protection Agency is nothing if not ambitious, striving as only a bureaucracy politicized and single-minded can to save the world from the purported ravages of the climate “crisis.” Indeed, the central focus of EPA regulatory efforts is the promulgation of…
Leer más »
US Supreme Court rulings darken forecast for EPA powersIn a span of 11 months, the U.S. Supreme Court has delivered a one-two punch against the Environmental Protection Agency's ability to combat air and water pollution in twin rulings that cloud future EPA regulatory moves, according to legal experts.
Leer más »
SCOTUS right to narrow the EPA’s powerThe recent U.S. Supreme Court ruling in Sackett v. EPA, narrowing the federal government’s power to regulate wetlands, was a unanimous 9-0 decision. That may have surprised many Americans who have …
Leer más »