The delisting notice comes as Lordstown’s stock price has fallen below the $1.00 min for 30 consecutive trading days. The news comes after Lordstown received a delisting notice from the NASDAQ stock exchange in April. Lordstown expects to cease Endurance production Yet, according to an SEC document filed by Lordstown earlier this week, Foxconn is looking to back out of the deal, leaving the EV maker with little choice but to cease Endurance production. Taiwanese manufacturing giant Foxconn stepped in with several funding rounds to revamp the program. The pressure mounted as both the CEO and CFO abruptly resigned, leaving the fate of the Endurance up in the air. However, things began to deteriorate after claims of an inflated order count and a prototype caught fire in 2021. Lordstown was one of the most highly anticipated EV makers, claiming to have secured over 100,000 orders for its Endurance electric truck. Lordstown’s journey so farĪfter going public through a SPAC deal in 2020, Lordstown saw its valuation soar and, along with it, its fan base. The EV startup said Thursday it anticipates production of the Lordstown Endurance will “cease in the near future” with limited funding available. Volvo Trucks’ work is based on the core values of quality, safety and environmental care.Lordstown’s (RIDE) five-year-long odyssey to bring the Endurance electric truck to market may soon come to an end. The group also provides complete solutions for financing and service. Volvo Trucks is part of the Volvo Group, one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. In 2022 approximately 145,000 Volvo trucks were delivered worldwide. Volvo trucks are assembled in 12 countries across the globe. Customer support is provided via a global network of dealers with 2,300 service points in about 130 countries. Volvo Trucks supplies complete transport solutions for discerning professional customers with its full range of medium- and heavy-duty trucks. Press images and films are available in the Volvo Trucks image and film gallery at. Media Relations Director, Volvo 323 3715, +15
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