Electric vehicle company Lordstown Motors Corp said on Tuesday its production and delivery endurance pick up electricity truck reopened this month after pausing in February to resolve quality issues.
EV startups have been grappling with shrinking cash balances and manufacturing challenges as access to capital tightens amid US interest rate hikes to tame inflation.
Ohio-based Lordstown, whose shares were trading 1% higher than the previous market, also said it had reached an agreement under which Amerit Fleet Solutions would provide service and maintenance to fleet customers. his ship.
The company said in February that it only makes 31 units for sale and recall 19 vehicles have been delivered to customers and are being used internally.
In January, the EV company forecast production would slow in the first quarter due to supply chain constraints, particularly regarding the availability of hub engine parts.
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