Stock News, US News

$RIDE Details – It is Gold ๐Ÿฅ‡

All taken from PR distributed directly from the company and SEC filings:

๐Ÿ‡บ๐Ÿ‡ธ As far as specifications go, we know that the four in-wheel hub motors produce a total of 600 HP (608 HP), enough for a 0-60 mph (0-96 km/h) sprint of 5.5 seconds and a governed top speed of 80 mph (128 km/h).

The 80 mile per hour limit is a standard set based on feedback from fleet managers. The true story is that customers and fleet managers can remove the governor 100%.

๐Ÿ‡บ๐Ÿ‡ธ There are three brand new stamping presses that are worth about $24M. If we were to replace even one of our stamping lines, it would cost over $30M each.

The factory is comprised of over 6M square feet and fully owned by Lordstown Motors.

๐Ÿ‡บ๐Ÿ‡ธ The hub motors will be validated for 100,000 miles and require little maintenance, Post said during the tour: โ€œThe hub motor itself will never need service.โ€

He then said the motor โ€œdoesnโ€™t break,โ€ explaining, โ€œThere's no oil, there's no pistons and those are lifetime bearings for the vehicle.โ€

We are completely confident for the hub motor manufacturing readiness. Hub motor assembly… This area covers 400,000 square feet and has annual capacity for 240,000 hub motors. all of our manufacturing equipment has been built, validated, and has been shipped. We will be starting our installation and commissioning process in the next two weeks. We will be ready to continue producing hub motors, now in house. – Restated June 25, 2021.

๐Ÿ‡บ๐Ÿ‡ธ Endurance Production is September with conservative 20,000 units being delivered by May 2022. Theyโ€™ve been clear that the ATVM Loan or asset backed financing will speed up the production ramp up to double. The van prototype is being completed and will be displayed โ€œby the end of summer.โ€ Military prototypes were onsite and driven during Lordstown Week.

๐Ÿ‡บ๐Ÿ‡ธ General assembly from when we first receive the cab until when we can drive the endurance off the end of the line is eight hours. Our system is flexible enough that we can change some gapping and line speed, reducing down to as low as four hours.

We can build 30 jobs per hour in the body shop. There are 900 robots, just in the body shop.

๐Ÿ‡บ๐Ÿ‡ธ Our battery packs are warrantied for 8 years, 100,000 miles. We do not expect any degredation prior to the warranty expiration. Level 2 charging, maximum AMP is about 45 amps, using 11KW charger. We do have high speed DC charging, which is 470 amps using 150KW charger.

Battery Pack protected perfectly. Cooling is built in.

The battery shop is led by 25-year experience engineer that came from Tesla.

๐Ÿ‡บ๐Ÿ‡ธ There are eight color pallets: electric white, grit grey, titanium silver, and nightshift black. Premium color: Forest Service Green, Municipal Yellow, Petrol Blue Metallic, and Town Red.

๐Ÿ‡บ๐Ÿ‡ธ โ€œโ€ฆextremely flexible platform that will be the foundation of all future models…."

๐Ÿ‡บ๐Ÿ‡ธ Seasoned, experienced management with more coming on board. Solid orders for two years, 85% retooled and 60,000 capacity by September.

๐Ÿ‡บ๐Ÿ‡ธ During the zoom call with Automotive Press Association on Tuesday, June 15th, 2021 Lordstown President Rich Schmidt said, "We will sell and deliver at least 20,000 vehicles by May 2022. These are confirmed firm orders.โ€

๐Ÿ‡บ๐Ÿ‡ธ Former GM Director, Global Retail & Sales Technology, John R Whitcomb joins Lordstown as Vice President, Global Commercial Operations To Lead Companyโ€™s Go-To-Market Strategy

Mr. Whitcomb has over 30 years of diverse global automotive experience, leveraging his broad expertise in strategy, business development, process design, operational execution and information technology to address complex, transformative challenges within the auto industry. Most recently, he served as a Managing Director, Global Automotive and Mobility, at Ernst & Young LLP, where he supported global OEM client innovation and transformation initiatives, and previously at General Motors as Director, Global Retail & Sales Technology, where he was responsible for establishing common, best practice business processes and the supporting technology for GMโ€™s global sales operations, distribution network planning and analysis, and retail execution areas.

๐Ÿ‡บ๐Ÿ‡ธ Received FMVSS Penetration Requirements exceeded. Final certification test will be early fourth quarter.

๐Ÿ‡บ๐Ÿ‡ธ LORDSTOWN EXECS CONFIRM… "We've never seen a broken hub motor… You will break a wheel before you break a motor."

submitted by /u/Cory-R1
[link] [comments]

Jump To The Original Source

Facebook Comments

Check Also

Head for the hills on a bikepacking adventure

Published by DPA Put simply, bikepacking means strapping ...