Clean Fuels Ohio Signs Letter of Intent to Drive Purchase of 500 Fully-Electric Pickup Trucks from Lordstown Motors

LORDSTOWN, OH – March 18, 2020 – Lordstown Motors Corp., a new Ohio-based original equipment manufacturer (OEM) of light duty fleet vehicles, has received a Letter of Intent from Clean Fuels Ohio to help deploy 500 Lordstown Endurances, believed to be the world’s first fully-electric pickup truck, across the state. The group will partner with Lordstown Motors to fulfill this pledge by helping to educate fleets across Ohio and encouraging acquisitions.

Clean Fuels Ohio is a non-profit organization that is dedicated to making Ohio a cleaner, healthier and more prosperous state by promoting the use of advanced fuel technologies. They are the only organization of their kind providing a united voice for the industry to promote the use of cleaner fuels and vehicle technologies, while building support for fueling and charging infrastructure across Ohio to accelerate these efforts.

“We applaud Clean Fuels Ohio’s dedication to implementing advanced fuel solutions and vehicle technologies, and appreciate their support in helping us educate Ohioans about the Lordstown Endurance,” said Steve Burns, Lordstown Motors Corp. CEO. “Their history of collaboration with the transportation industry to promote the use of advanced fuels and vehicle technologies has broken down decades-old barriers and helped create a level playing field.”

Lordstown Motors Corp. is working with Clean Fuels Ohio’s Executive Director Sam Spofforth, Special Project Manager Tyler Fehrman and other Clean Fuels Ohio staff to achieve the goal of implementing and promoting the use of electric trucks for fleets in Ohio and across the United States. - - -

About Lordstown Motors Corp.

Lordstown Motors Corp. (LMC) is an Ohio-based original equipment manufacturer (OEM) 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. On November 7, 2019, LMC acquired the 785 acre, 6.2 million square foot GM Assembly Plant in Lordstown, Ohio from General Motors where they will build the Lordstown Endurance™, believed to be the world’s first fully-electric pickup truck.

In 2020, LMC will complete the engineering and development of the Endurance. Designed to serve the commercial pickup truck market, the Endurance will be the first production vehicle that utilizes a 4-wheel-drive hub-motor system, a design that reduces the number of moving parts. With its hub motor design, Lordstown engineers have set out to re-invent the electric vehicle.

The Endurance pickup truck is designed with features fleets want, like an onboard power export, allowing workers to run power tools at the job site without the need for a portable generator or leaving the truck running. Fleet managers benefit from less breakdowns, lower maintenance, and most importantly, lower cost. The overall benefit is an attractive Total Cost of Ownership (TCO), which translates into a significantly lower lifetime operational cost compared to traditional pickup trucks.

The Lordstown Endurance is engineered to be lightweight, with all-wheel drive and a low center of gravity, while maintaining ground clearance. Lordstown Motors has set a goal to make the Endurance pickup truck the safest, most economical, and greenest electric pickup truck ever built. The Endurance will be manufactured and assembled at the Lordstown Facility.