61-678: Nu Ride Inc. (formerly known as Lordstown Motors Corporation ) is an American electric vehicle automaker located in Lordstown, Ohio . The company was based at the Lordstown Assembly plant, previously a General Motors factory. Lordstown Motors was known for its Lordstown Endurance electric pickup truck. In March 2024, the company emerged from its September 2023 bankruptcy restructuring as Nu Ride Inc. (stock: NRDE at OTC), headquartered in New York City. Lordstown Motors
122-611: A steam turbine , which drives a generator, which is then fed to the propulsion. See Nuclear marine propulsion . A few experimental vehicles, such as some cars and a handful of aircraft use solar panels for electricity. These systems are powered from an external generator plant (nearly always when stationary), and then disconnected before motion occurs, and the electricity is stored in the vehicle until needed. Batteries, electric double-layer capacitors and flywheel energy storage are forms of rechargeable on-board electricity storage systems. By avoiding an intermediate mechanical step,
183-461: A 100 kW internal combustion engine, which can only deliver its maximum torque within a limited range of engine speed. Efficiency of charging varies considerably depending on the type of charger, and energy is lost during the process of converting the electrical energy to mechanical energy. Usually, direct current (DC) electricity is fed into a DC/AC inverter where it is converted to alternating current (AC) electricity and this AC electricity
244-460: A contract assembler for the company's Endurance pickup truck. It was announced that Foxconn would also invest US$ 50 million in the company through a purchase of common stock. The Foxconn deal was finalized in May 2022, and Foxconn and Lordstown Motors created a new joint-venture, MIH EV Design LLC, to develop and produce a line of EVs. In addition to selling the factory to Foxconn, Foxconn was to become
305-467: A heavy internal combustion engine or large batteries, they can have very good power-to-weight ratios . This allows high speed trains such as France's double-deck TGVs to operate at speeds of 320 km/h (200 mph) or higher, and electric locomotives to have a much higher power output than diesel locomotives . In addition, they have higher short-term surge power for fast acceleration, and using regenerative brakes can put braking power back into
366-612: A history of fraud at Lordstown, with the company misleading investors by exaggerating demand and orders for its trucks, as well as Lordstown's ability to build these trucks. Hindenburg's report showed that thousands of Lordstown's claimed orders were non-binding, no-deposit indications of interest by companies without the apparent financial strength to support the size of the orders. The report also claimed significant production delays beyond Lordstown's claimed timeline with trucks three to four years away from production, stock sales by insiders amidst vehicle testing problems, and irregularities in
427-554: A hybrid electric vehicle can combine the power from an electric motor and the internal combustion engine. The most common type is a parallel hybrid that connects the engine and the electric motor to the wheels through mechanical coupling. In this scenario, the electric motor and the engine can drive the wheels directly. Series hybrids only use the electric motor to drive the wheels and can often be referred to as extended-range electric vehicles (EREVs) or range-extended electric vehicles (REEVs). There are also series-parallel hybrids where
488-839: A level of quietness, comfort and ease of operation that could not be achieved by the gasoline engine cars of the time, but range anxiety due to the limited energy storage offered by contemporary battery technologies hindered any mass adoption of private electric vehicles throughout the 20th century. Internal combustion engines (both gasoline and diesel engines ) were the dominant propulsion mechanisms for cars and trucks for about 100 years, but electricity-powered locomotion remained commonplace in other vehicle types, such as overhead line -powered mass transit vehicles like electric trains , trams , monorails and trolley buses , as well as various small, low-speed, short-range battery-powered personal vehicles such as mobility scooters . Hybrid electric vehicles , where electric motors are used as
549-613: A number of Mini EVs when their Canadian testing ended. The production of the Citroën Berlingo Electrique stopped in September 2005. Zenn started production in 2006 but ended by 2009. During the late 20th and early 21st century, the environmental impact of the petroleum-based transportation infrastructure, along with the fear of peak oil , led to renewed interest in electric transportation infrastructure. EVs differ from fossil fuel -powered vehicles in that
610-402: A patent for this type of battery was held by Chevron, which created a problem for their widespread development. These factors, coupled with their high cost, has led to lithium-ion batteries leading as the predominant battery for EVs. The prices of lithium-ion batteries have declined dramatically over the past decade, contributing to a reduction in price for electric vehicles, but an increase in
671-428: A plan to sell itself. On September 27, 2023, in a bankruptcy filing, Lordstown agreed to sell assets related to the “design, production and sale of electric light duty vehicles” in the commercial fleet market to Delaware-based LAS Capital, whose majority equity holder is Lordstown founder and ex-CEO Steve Burns, for $ 10M. On October 18, 2023, the sale was approved by the bankruptcy court, which also, after objections from
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#1732783769075732-486: A rail line makes it relatively easy to power EVs through permanent overhead lines or electrified third rails , eliminating the need for heavy onboard batteries. Electric locomotives , electric multiple units , electric trams (also called streetcars or trolleys), electric light rail systems , and electric rapid transit are all in common use today, especially in Europe and Asia. Since electric trains do not need to carry
793-560: A speed of four miles per hour (6 km/h). In England, a patent was granted in 1840 for the use of rails as conductors of electric current, and similar American patents were issued to Lilley and Colten in 1847. The first mass-produced electric vehicles appeared in America in the early 1900s. In 1902, the Studebaker Automobile Company entered the automotive business with electric vehicles, though it also entered
854-502: A supplementary propulsion to internal combustion engines, became more widespread in the late 1990s. Plug-in hybrid electric vehicles , where electric motors can be used as the predominant propulsion rather than a supplement, did not see any mass production until the late 2000s, and battery electric cars did not become practical options for the consumer market until the 2010s. Progress in batteries , electric motors and power electronics have made electric cars more feasible than during
915-528: A women's luxury car, which may have been a stigma among male consumers. Also, internal combustion powered cars became ever-easier to operate thanks to the invention of the electric starter by Charles Kettering in 1912, which eliminated the need of a hand crank for starting a gasoline engine, and the noise emitted by ICE cars became more bearable thanks to the use of the muffler , which Hiram Percy Maxim had invented in 1897. As roads were improved outside urban areas, electric vehicle range could not compete with
976-451: Is Lordstown's first service center outside of Ohio, with California chosen due to "the favorable regulatory backdrop in the state, which is aggressively promoting more widespread adoption of electric vehicles", according to the company. In March 2021, the investment research firm Hindenburg Research , which specializes in short-selling , published a lengthy report about Lordstown. In the report, Hindenburg presented evidence that demonstrated
1037-532: Is a vehicle whose propulsion is powered fully or mostly by electricity. EVs include road and rail vehicles , electric boats and underwater vessels , electric aircraft and electric spacecraft . Early electric vehicles first came into existence in the late 19th century, when the Second Industrial Revolution brought forth electrification . Using electricity was among the preferred methods for motor vehicle propulsion as it provides
1098-655: Is connected to a 3-phase AC motor. For electric trains, forklift trucks , and some electric cars, DC motors are often used. In some cases, universal motors are used, and then AC or DC may be employed. In recent production vehicles, various motor types have been implemented; for instance, induction motors within Tesla Motor vehicles and permanent magnet machines in the Nissan Leaf and Chevrolet Bolt . Most large electric transport systems are powered by stationary sources of electricity that are directly connected to
1159-427: Is only viable if the system is large enough to use the power generated by descending vehicles. In the systems above, motion is provided by a rotary electric motor. However, it is possible to "unroll" the motor to drive directly against a special matched track. These linear motors are used in maglev trains which float above the rails supported by magnetic levitation . This allows for almost no rolling resistance of
1220-404: Is powered exclusively through electric motors. The electricity may come from a battery ( battery electric vehicle ), solar panel ( solar vehicle ) or fuel cell ( fuel cell vehicle ). A hybrid electric vehicle (HEV) is a type of hybrid vehicle that combines a conventional internal combustion engine (ICE) system with an electric propulsion system ( hybrid vehicle drivetrain ). The presence of
1281-494: Is used only to supplement battery charging and not as the primary source of power. On-road electric vehicles include electric cars, electric trolleybuses, electric buses , battery electric buses , electric trucks , electric bicycles , electric motorcycles and scooters , personal transporters , neighborhood electric vehicles , golf carts , milk floats , and forklifts . Off-road vehicles include electrified all-terrain vehicles and electric tractors . The fixed nature of
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#17327837690751342-632: The NASDAQ stock exchange. The merger gave Lordstown Motors an estimated equity value of US$ 1.6 billion. On the same day, GM released Lordstown Motors from its mortgage obligations related to the purchase of the Lordstown factory. In January 2021, the company announced the opening of a vehicle service center in Irvine , California , to support customers in the Southern California region. It
1403-581: The University of Groningen , in the Netherlands , built a small-scale electric car, and sometime between 1832 and 1839, Robert Anderson of Scotland invented the first crude electric carriage, powered by non-rechargeable primary cells . American blacksmith and inventor Thomas Davenport built a toy electric locomotive, powered by a primitive electric motor, in 1835. In 1838, a Scotsman named Robert Davidson built an electric locomotive that attained
1464-413: The electrical grid rather than wasting it. Maglev trains are also nearly always EVs. There are also battery electric passenger trains operating on non-electrified rail lines. Electric boats were popular around the turn of the 20th century. Interest in quiet and potentially renewable marine transportation has steadily increased since the late 20th century, as solar cells have given motorboats
1525-681: The energy conversion efficiency can be improved compared to hybrids by avoiding unnecessary energy conversions. Furthermore, electro-chemical batteries conversions are reversible, allowing electrical energy to be stored in chemical form. Most electric vehicles use lithium-ion batteries (Li-Ions or LIBs). Lithium-ion batteries have a higher energy density , longer life span , and higher power density than most other practical batteries. Complicating factors include safety, durability, thermal breakdown, environmental impact , and cost . Li-ion batteries should be used within safe temperature and voltage ranges to operate safely and efficiently. Increasing
1586-531: The 20th century, electric rail transport became commonplace due to advances in the development of electric locomotives . Over time their general-purpose commercial use reduced to specialist roles as platform trucks , forklift trucks , ambulances, tow tractors, and urban delivery vehicles, such as the iconic British milk float . For most of the 20th century, the UK was the world's largest user of electric road vehicles. Electrified trains were used for coal transport, as
1647-459: The 20th century. As a means of reducing tailpipe emissions of carbon dioxide and other pollutants, and to reduce use of fossil fuels, government incentives are available in many areas to promote the adoption of electric cars and trucks. Electric motive power started in 1827 when Hungarian priest Ányos Jedlik built the first crude but viable electric motor; the next year he used it to power a small model car. In 1835, Professor Sibrandus Stratingh of
1708-487: The ICE. Finally, the initiation of mass production of gasoline-powered vehicles by Henry Ford in 1913 reduced significantly the cost of gasoline cars as compared to electric cars. In the 1930s, National City Lines , which was a partnership of General Motors , Firestone , and Standard Oil of California purchased many electric tram networks across the country to dismantle them and replace them with GM buses. The partnership
1769-586: The Model C SUV scheduled to go on sale in 2023 in Taiwan, an electric bus that was planned to be tested in select cities in 2022, and a new electric sedan. On August 4, 2022, the company admitted to further production delays for the Endurance, citing they would need to raise "substantially more capital" to produce the initial goal of 500 vehicles. Lordstown Motors launched production of its Endurance pickup truck in
1830-559: The United States Justice Department, kept control of rights to pursue legal claims against Lordstown's directors with the court instead of following the new owners of the assets. The sale includes all vehicles, machinery, books, records, information, files, and data and plans owned by Lordstown and the new owner will assume liability for all customer warranty, product liability, and recall obligations related to Lordstown Endurance trucks. The Lordstown Endurance
1891-577: The background of Lordstown's founder, Steve Burns. Lordstown's stock dropped 17% on the day of the news. The company responded with a statement saying, “We will be sharing a full and thorough statement in the coming days, and when we do we will absolutely be refuting the Hindenburg Research report.” The Hindenburg Research report led to the US Securities and Exchange Commission (SEC) requesting information from Lordstown Motors regarding
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1952-405: The battery's lifespan decreases effective costs and environmental impact. One technique is to operate a subset of the battery cells at a time and switching these subsets. In the past, nickel–metal hydride batteries were used in some electric cars, such as those made by General Motors. These battery types are considered outdated due to their tendencies to self-discharge in the heat. Furthermore,
2013-401: The beginnings of aviation, electric power for aircraft has received a great deal of experimentation. Currently, flying electric aircraft include piloted and unpiloted aerial vehicles. Electric power has a long history of use in spacecraft . The power sources used for spacecraft are batteries, solar panels and nuclear power. Current methods of propelling a spacecraft with electricity include
2074-704: The contract manufacturer for Lordstown Motors’ first vehicle, the all-electric Endurance pickup truck. Foxconn's plan was to use the factory as the production hub for the proposed Fisker PEAR electric vehicle. GM decided to end their relationship with Lordstown. Back in 2020, they had invested US$ 75 million in Lordstown Motors, had obtained a seat on Lordstown Motors' board of directors, and had listed Lordstown Motors in its Tier 1 supply chain. Despite that, GM released public information in March 2022 that they had sold off their "small investment" in Lordstown Motors at
2135-485: The deployment and adoption of this technology. Ford released a number of their Ford Ecostar delivery vans into the market. Honda, Nissan and Toyota also repossessed and crushed most of their EVs, which, like the GM EV1s, had been available only by closed-end lease. After public protests, Toyota sold 200 of its RAV4 EVs ; they later sold at over their original forty-thousand-dollar price. Later, BMW of Canada sold off
2196-550: The early 1900s. They were produced by Baker Electric , Columbia Electric , Detroit Electric , and others, and at one point in history outsold gasoline-powered vehicles. In 1900, 28 percent of the cars on the road in the US were electric. EVs were so popular that even President Woodrow Wilson and his secret service agents toured Washington, D.C., in their Milburn Electrics, which covered 60–70 miles (100–110 km) per charge. Most producers of passenger cars opted for gasoline cars in
2257-437: The electric powertrain is intended to achieve either better fuel economy than a conventional vehicle or better performance. There is a variety of HEV types and the degree to which each functions as an electric vehicle (EV) also varies. The most common form of HEV is the hybrid electric car, although hybrid electric trucks (pickups and tractors), buses, boats, tow trucks, and aircraft also exist. There are different ways that
2318-495: The electricity they consume can be generated from a wide range of sources, including fossil fuels , nuclear power , and renewables such as solar power and wind power , or any combination of those. Recent advancements in battery technology and charging infrastructure have addressed many of the earlier barriers to EV adoption, making electric vehicles a more viable option for a wider range of consumers. The carbon footprint and other emissions of electric vehicles vary depending on
2379-426: The end of 2021. In July 2022, automotive industry veteran Edward Hightower was named the new CEO. In November 2022, Foxconn agreed to invest another US$ 170 million in Lordstown, in an effort to ramp up the production of the company's debut model. On June 27, 2023, Lordstown sued Foxconn for failing to follow through its $ 170 million investment, and subsequently filed for Chapter 11 bankruptcy protection as part of
2440-513: The expiration of GM's EV1 leases, GM discontinued them. The discontinuation has variously been attributed to: A movie made on the subject in 2005–2006 was titled Who Killed the Electric Car? and released theatrically by Sony Pictures Classics in 2006. The film explores the roles of automobile manufacturers , oil industry , the U.S. government , batteries , hydrogen vehicles , and the general public, and each of their roles in limiting
2501-606: The first decade of the 20th century, but electric trucks were an established niche well into the 1920s. A number of developments contributed to a decline in the popularity of electric cars. Improved road infrastructure required a greater range than that offered by electric cars, and the discovery of large reserves of petroleum in Texas, Oklahoma, and California led to the wide availability of affordable gasoline/petrol, making internal combustion powered cars cheaper to operate over long distances. Electric vehicles were seldom marketed as
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2562-429: The first deliveries back to September 2021, with production ramping up through 2022. By October 2021, the announced production date for the Endurance had been delayed until no earlier than April 2022, following the September news that the Lordstown auto plant would be sold to Foxconn and that Foxconn would become the contract manufacturer of the Endurance. In October 2021, Foxconn unveiled three new prototype vehicles:
2623-474: The fuel and technology used for electricity generation . The electricity may be stored in the vehicle using a battery, flywheel, or supercapacitors . Vehicles using internal combustion engines usually only derive their energy from a single or a few sources, usually non-renewable fossil fuels. A key advantage of electric vehicles is regenerative braking , which recovers kinetic energy , typically lost during friction braking as heat, as electricity restored to
2684-409: The gasoline vehicles market in 1904. However, with the advent of cheap assembly line cars by Ford Motor Company , the popularity of electric cars declined significantly. Due to lack of electricity grids and the limitations of storage batteries at that time, electric cars did not gain much popularity; however, electric trains gained immense popularity due to their economies and achievable speeds. By
2745-562: The infinite range of sailboats . Electric motors can and have also been used in sailboats instead of traditional diesel engines. Electric ferries operate routinely. Submarines use batteries (charged by diesel or gasoline engines at the surface), nuclear power, fuel cells or Stirling engines to run electric motor-driven propellers. Fully electric tugboats are being used in Auckland, New Zealand (June 2022), Vancouver, British Columbia (October 2023), and San Diego, California. Since
2806-503: The licensing rights to the intellectual property of the Workhorse W-15 pickup truck, with the intention of developing its own electric pickup truck based upon Workhorse's preexisting design. As part of the business deal, Workhorse Group was given a 10% equity stake in Lordstown Motors. On October 23, 2020, Lordstown reverse merged with a special-purpose acquisition company (SPAC) named DiamondPeak Holdings and became listed on
2867-457: The means to do so. An independent investigation commissioned by the board found that the pre-order agreements were overstated in number and in seriousness in order to generate press. In August 2021, veteran automobile executive Daniel Ninivaggi , former CEO of Icahn Enterprises , was named as the new CEO. In October 2021, Lordstown Motors announced a US$ 230 million deal to sell the former GM plant to Foxconn Technology Group , which would become
2928-519: The motors did not use the valuable oxygen in the mines. Switzerland's lack of natural fossil resources forced the rapid electrification of their rail network . One of the earliest rechargeable batteries – the nickel-iron battery – was favored by Edison for use in electric cars. EVs were among the earliest automobiles, and before the preeminence of light, powerful internal combustion engines (ICEs), electric automobiles held many vehicle land speed and distance records in
2989-412: The on-board battery. There are many ways to generate electricity, of varying costs, efficiency and ecological desirability. It is also possible to have hybrid EVs that derive electricity from multiple sources, such as: For especially large EVs, such as submarines , the chemical energy of the diesel–electric can be replaced by a nuclear reactor . The nuclear reactor usually provides heat, which drives
3050-413: The price of critical minerals such as lithium from 2021 to the end of 2022 has put pressure on historical battery price decreases. The power of a vehicle's electric motor , as in other machines, is measured in kilowatts (kW). Electric motors can deliver their maximum torque over a wide RPM range. This means that the performance of a vehicle with a 100 kW electric motor exceeds that of a vehicle with
3111-550: The short-seller's claims of misleading investors. It was also revealed in March 2021 that one of Lordstown's prototypes caught on fire, with the company claiming the fire was caused by "human error" and that the issue had been solved by Lordstown instead automating the manufacture of its vehicles. On June 8, 2021, Lordstown Motors amended its annual report with the SEC and said that the company did not have enough money to begin commercial production of its vehicle, and that Lordstown Motors
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#17327837690753172-462: The third quarter of 2022. In February 2023, the company issued a recall and halted production of the vehicle to address an electrical-connection issue that could lead to a loss of propulsion while driving. In June 2023, Lordstown Motors would end the production of the Endurance and sold the project in September 2023, following their dispute with partner Foxconn and filing for Chapter 11 Bankruptcy. Electric vehicle An electric vehicle ( EV )
3233-675: The use of gasoline. In January 1990, General Motors President introduced its EV concept two-seater, the "Impact", at the Los Angeles Auto Show. That September, the California Air Resources Board mandated major-automaker sales of EVs, in phases starting in 1998. From 1996 to 1998 GM produced 1117 EV1s , 800 of which were made available through three-year leases. Chrysler , Ford, GM, Honda , and Toyota also produced limited numbers of EVs for California drivers during this time period. In 2003, upon
3294-423: The vehicle and no mechanical wear and tear of the train or track. In addition to the high-performance control systems needed, switching and curving of the tracks becomes difficult with linear motors, which to date has restricted their operations to high-speed point to point services. It is generally possible to equip any kind of vehicle with an electric power-train. A pure-electric vehicle or all-electric vehicle
3355-502: The vehicle can be powered by the engine working alone, the electric motor on its own, or by both working together; this is designed so that the engine can run at its optimum range as often as possible. A plug-in electric vehicle (PEV) is any motor vehicle that can be recharged from any external source of electricity, such as wall sockets , and the electricity stored in the Rechargeable battery packs drives or contributes to drive
3416-442: The vehicles through wires. Electric traction allows the use of regenerative braking , in which the motors are used as brakes and become generators that transform the motion of, usually, a train into electrical power that is then fed back into the lines. This system is particularly advantageous in mountainous operations, as descending vehicles can produce a large portion of the power required for those ascending. This regenerative system
3477-400: The wheels. PEV is a subcategory of electric vehicles that includes battery electric vehicles (BEVs), plug-in hybrid vehicles, (PHEVs), and electric vehicle conversions of hybrid electric vehicles and conventional internal combustion engine vehicles. A range-extended electric vehicle (REEV) is a vehicle powered by an electric motor and a plug-in battery. An auxiliary combustion engine
3538-413: Was an in-production all-wheel-drive (AWD), electric pickup truck . Its design includes independent wheel hub motors on all four wheels. The AWD hub motor system aims to reduce the number of moving parts by eschewing wheel axles and transmissions. In 2019, the truck was expected to be released in the US market by late 2020, at a price of US$ 52,500 . In November 2020, the release date was delayed, pushing
3599-476: Was at risk of bankruptcy. Subsequently, both CEO Steve Burns and CFO Julio Rodriguez resigned from their positions on June 14. While the official press release stated that the resignations were in anticipation of changing from research and development to production, the non-binding nature of pre-sale agreements was brought into question after revelations that the largest three purchasers were not committed to acquiring Lordstown production vehicles, and most did not have
3660-507: Was convicted of conspiring to monopolize the sale of equipment and supplies to their subsidiary companies, but was acquitted of conspiring to monopolize the provision of transportation services. The Copenhagen Summit , which was conducted in the midst of a severe observable climate change brought on by human-made greenhouse gas emissions, was held in 2009. During the summit, more than 70 countries developed plans to eventually reach net zero. For many countries, adopting more EVs will help reduce
3721-417: Was founded in 2018 by Steve Burns, former CEO of Workhorse Group . On November 7, 2019, Lordstown Motors became the owner of the former GM Lordstown plant , after signing a sales agreement with automaker General Motors in May 2019. GM loaned Lordstown Motors US$ 40 million in order to underwrite a substantial part of the plant purchase. In March 2020, Lordstown Motors paid Workhorse Group US$ 12 million for
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