News & Press
Lordstown Motors Corp. Receives Approval for Hub Motor and Battery Line
Approval from the Ohio Tax Credit Authority will help support production of the world’s first full-size, all-electric pickup truck
Company Name: Lordstown Motors Corp.
Industry Sector: Automotive
Company Profile: Lordstown Motors Corp. is an Ohio-based original equipment manufacturer of light-duty fleet vehicles, founded by CEO Steve Burns, who envisions the company playing a leading role in transforming Ohio's Mahoning Valley into the epicenter of electric battery and vehicle manufacturing. The company owns the 785-acre, 6.2 million-square-foot Lordstown Assembly Plant, where it plans to build the Lordstown Endurance, the world's first full-size, all-electric pickup truck designed to serve the commercial fleet market.
Company Website: www.lordstownmotors.com
- Jobs Committed: 1,570
- Capital Investment: $423,300,000
- Timetable: Production of the Lordstown Endurance planned to begin in September 2021.
About the Project:
Lordstown Motors Corp. moved another step forward in its plans to produce the Lordstown Endurance, the world’s first full-size, all-electric pickup truck.
The Ohio Tax Credit Authority approved support for the project’s hub motor and battery line. The approval will accelerate the timeline of this project, which is expected to create high-tech jobs in the Mahoning Valley and surrounding communities.
The Lordstown Endurance will bring the area closer to being “Voltage Valley,” a vision held by LMC’s CEO, Steve Burns, announced after buying the previous General Motors plant in 2019.
Lordstown Motors Corp. had choices when it came to selecting a site for its Endurance production, but chose Ohio’s favorable ecosystem, including Northeast Ohio’s built-in workforce that knows how to build cars, an available plant to fit its needs, and a training program developed with Youngstown State University.
Ohio is centrally located to more than 70% of current North American automotive assembly plants. The state’s large auto- specific workforce of over 108,000 individuals is among the largest in the Midwest. In fact, Business Facilities ranked Ohio the No. 2 state in automotive manufacturing strength in 2020.
Team NEO, JobsOhio, the Ohio Development Services Agency, the Youngstown/Warren Regional Chamber, the village of Lordstown and Youngstown State University, plus state and regional representatives