Lordstown Issues Statement on Short-Seller Report

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LORDSTOWN, Ohio – Lordstown Motors Corp. (Nasdaq: RIDE), a leader in electric light-duty trucks focused on the commercial fleet market, today issued a statement in regards to a short-seller report written on Lordstown Motors by Hindenburg Research on March 12, 2021. The company is aware of the remarks made in the report and intends to respond as appropriate in due time.

Lordstown Motors remains on track for start of production of its Lordstown Endurance all electric pickup truck in September 2021. This week, the company intends to elaborate on its progress towards start of production, including providing an update on beta vehicle production and other important business developments, on its inaugural earnings call. The call will be held on March 17th at 4:30pm ET. It can be accessed via a live webcast accessible on the Events page of the Investor Relations website at https://investor.lordstownmotors.com/. An archive of the webcast will be available shortly after the call.

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Lordstown Motors Corp. is an Ohio-based original equipment manufacturer of light-duty fleet vehicles, founded by CEO Steve Burns with the purpose of transforming Ohio’s Mahoning Valley and Lordstown, Ohio, into the epicenter of electric-vehicle manufacturing. The company owns the 785 acre, 6.2 million square foot Assembly Plant where it plans to build the Endurance, believed to be the world’s first full-size, all-electric pickup truck designed to serve the commercial fleet market. 


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