The Delaware-based maker of the Endurance EV pickup says investor Foxconn has a “pattern of bad faith.”
Bankruptcy was even put on the table as a worst-case scenario:
“If we are unable to resolve our dispute with Foxconn in a timely manner on terms that allow us to continue operating as planned, identify other sources of substantial funding, identify a strategic partner, and resolve our significant contingent liabilities, we may need to further curtail or cease operations and seek protection by filing a voluntary petition for relief under the United States Bankruptcy Code.”This is just one of the difficulties Lordstown Motors has gone through this year.
As a result, the 2023 Lordstown Endurance has the lowest efficiency of all the electric pickups on sale today in the United States, at just 48 MPGe, compared to the 68 MPGe of the
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