1. Lordstown Motors, an EV startup, recently paused production of its Endurance pickup truck due to quality issues.
2. The company warned that production might cease due to difficulties in finding a strategic partner.
3. Financial climate and government investigations are making it challenging for the company to raise funds.
4. Foxconn, an Apple supplier, invested $170 million in Lordstown Motors last year, but the agreement has since been breached.
5. Lordstown is seeking strategic partners to provide additional capital or other support for the Endurance program.
6. Lordstown sold its factory to Foxconn for $230 million last year, which plans to build the Fisker Pear, an electric compact sedan, next year.
7. The startup reported a loss of $171.7 million in the first quarter of this year, and production issues have hindered sales growth.
8. Production of the Endurance has recently resumed, but at a very slow pace.
9. Production of the Endurance has recently resumed, but at a very slow pace.
10. The company's attempt to revitalize the town of Lordstown has been hampered by production issues and the delayed arrival of the electric pickup truck.