HomeBusinessShares of Lordstown (RIDE) rise as company begins deliveries

Shares of Lordstown (RIDE) rise as company begins deliveries

Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event.

Michael Wayland / CNBC

Electric truck startup Lordstown Motors said Tuesday it began shipping its pickup truck to customers after receiving final regulatory approval to sell the vehicle in the United States.

Lordstown’s shares were up more than 3% in morning trading.

In a key milestone for the company, Lordstown said its Endurance was certified for sale by the U.S. Environmental Protection Agency and the California Air Resources Board following a successful series of tests, including crash testing. It’s now shipping the first of an initial batch of 500 trucks to customers.

The Endurance is an electric pickup truck designed for commercial fleet use.

Lordstown had previously said it plans to ramp up Endurance production slowly in a bid to conserve…

Read more at www.cnbc.com

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