Jun 2021

Lordstown Motors Evaluating Strategic Partnerships

Electric vehicle startup Lordstown Motors is “evaluating strategic partners” as part of its search for funding needed to stay in operation, the company’s executive chair, Angela Strand, said Monday. Lordstown Motors has warned it may not be able to continue as a “going concern” if it cannot raise more money to retool its factory in Lordstown, Ohio, for high-volume production.

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