The test mule was only on the road for 10 minutes before it went up in flames.
GM isn’t the only company working on electric commercial vans.
Regular series production is set to begin in September.
The company says it does not need the loan in order to begin production of its new electric pickup, however.
Prices for the truck start at $52,500.
Would you buy an electric RV?
The company is now trading under the ticker RIDE.
GM must also invest $12 million in community development in Ohio.
The pre-orders equal roughly $2 billion in potential revenue for the startup.
State officials say GM violated the terms of its agreement when it shut down Lordstown Assembly.
GM is also giving Lordstown Motors access to tis supply chain.
The electric pickup is expected to go on sale in early 2022.
600 horsepower and a 7,500-pound towing capacity.
And we like what we see!
Lordstown Motors purchased the Lordstown Assembly plant last year for an undisclosed sum.
Deliveries are still on track for early 2021.
The Endurance is due out by the end of 2020.
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