A lot has happened since June when Lordstown Motors announced their Endurance–the EV Truck. This article reminds of the grand vision of Lordstown motors.
“In a dramatic turn, one of the big questions left unanswered at the launch of the Endurance — namely, where the money to build it would come from — has been substantially addressed. In early August, Lordstown announced a merger with a “special purpose acquisitions company” called DiamondPeak Holdings. The merger will let Lordstown be publicly listed on the NASDAQ and generate upwards of $675 million of new investment to nudge the Endurance toward production. The deal should be finalized by the fourth quarter of this year, potentially setting Lordstown’s assembly line in motion — and starting to fill a claimed $1.4 billion in orders — in the second half of 2021.”Peter Hughes