Ohio-based EV manufacturer Lordstown Motors (RIDE) has hit another roadblock in its quest to bring its Endurance electric pickup to market. After several years of waiting, Lordstown says Endurance EV buyers will have to wait a little longer after announcing it will pause production amid a voluntary recall.
The news comes as a significant blow to Lordstown, which seemed to finally be getting on track after working tirelessly to bring its electric truck to market.
After going public on the NASDAQ exchange in 2020, many saw Lordstown as a promising young EV start-up with potential in the electric pickup segment. However, the excitement quickly faded after several costly mishaps, including an early prototype that caught fire in early 2021.
Things worsened after Lordstown’s CEO and CFO abruptly resigned in June 2021, sparking questions about the company’s ability to carry on.
Shortly after and in desperate need of cash, Lordstown announced it was selling its Ohio assembly plant to Taiwanese manufacturing giant Foxconn, hoping it would spark life in the company and finally get the Endurance electric truck moving through production.
Despite the sale, Lordstown claimed it needed another $50 to $75 million to scale production on its second-quarter earnings as Foxconn stepped in again to revamp the program.
With the additional investment, Lordstown was able to begin production with the initial batch of 500 Endurance EV trucks leaving the plant last November. After several months of silence from Lordstown, the company is now issuing a voluntary recall as it pauses Endurance EV production.
Lordstown pauses Endurance EV production amid recall
Lordstown announced through a press release today it has experienced performance and quality issues with specific Endurance components that have led the company to halt production and deliveries.
The company is working with its suppliers to find the cause of the issue and potential solutions, which Lordstown says may include “design modifications, retrofits, and software updates.”
Lordstown has filed paperwork with the National Highway Traffic Safety Administration (NHTSA) to voluntarily recall the Endurance EV truck, citing “a specific electrical connection issue that could result in loss of propulsion while driving.”
The company’s CEO and president, Edward Hightower, commented on the situation, saying:
While our experienced team has made significant progress in addressing the underlying component and vehicle sub-system issues affecting the Endurance build schedule, we remain committed to doing the right thing by our customers and to resolve potential issues before resuming production and customer shipments.
The recall affects 19 Endurance EVs that are either already delivered or used by Lordstown. Lordstown says it will provide a more detailed update on its upcoming earnings call on March 6, 2023.
Electrek’s Take
A recall at this stage is not a good look for Lordstown after already having its fair share of issues getting the truck to production.
Lordstown’s stock is down over 10% today on the news. The next few months will be crucial for Lordstown as they work to regain investor and consumer confidence in the brand. Whether the company will be able to overcome the challenges and claim its position in the rapidly expanding EV market remains to be seen.
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Leading electric vehicle analyst, author, and industry thought leaders Loren McDonald and Bill Ferro stop by Quick Charge to discuss EV Adoption’s acquisition by Paren, the “crisis” of EV charging reliability, and the real state of the EV market.
Depending on who you listen, EVs are either driving brands to record growth and are about cross that critical 10% of the overall market nationwide, or the future is bleak, the market is down, and EVs just aren’t selling. What’s really going on? Loren and Bill (probably) have some answers.
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Chevy EV owners in Texas who have Reliant as their electric utility can now charge for free at night with renewable energy.
Over 150 Chevrolet dealerships across Texas are now offering the Reliant Free Charge Nights plan to new EV buyers. With Free Charge Nights, customers can offset their charging costs by receiving credits for electricity used between 11 pm and 6 am. The plan is powered entirely by renewable energy, thanks to the purchase of renewable energy certificates (RECs).
Rasesh Patel, president of NRG Consumer, says the plan is about making power personal: “We’re excited to help Chevrolet EV drivers offset the cost of charging their vehicle all while having access to a renewable electricity plan.”
This collaboration aims to make EV adoption more appealing by making charging cheaper and greener. GM Energy’s chief revenue officer, Aseem Kapur, emphasized that partnerships like this help build the ecosystem needed to support an all-electric future: “The Reliant Free Charge Nights plan is a great example of how an automaker and an energy company can work together to make EV adoption an easy decision.”
Existing Reliant customers can also sign up for the Free Charge Nights plan. To get started, Chevrolet EV owners need to designate their vehicle on the GM Energy Smart Charging Portal before enrolling in the plan.
Reliant Energy, a subsidiary of NRG Energy, serves over 1.5 million customers in Texas, making it one of the largest electricity providers in the state.
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Texas is about to get a major power boost – a new AI-powered virtual power plant (VPP) delivering capacity equivalent to 200,000 homes during peak demand.
NRG Energy is teaming up with Renew Home to bring nearly 1 gigawatt (GW) of capacity to the Texas grid by 2035, aiming to make it more resilient while helping residents save on energy costs.
The new VPP will rely on hundreds of thousands of smart thermostats and other connected home devices, making use of AI technology provided by Google Cloud. These devices, like Vivint and Nest smart thermostats, will be offered to eligible customers at no cost. By automating HVAC adjustments, they help shift energy use to when electricity is cheaper, cleaner, and less strained.
NRG and Renew Home have big plans for the VPP. Starting in spring 2025, the companies plan to roll out the program across Texas, installing these smart thermostats in homes served by NRG’s retail electricity providers. Eventually, they plan to add home battery storage and EVs to expand the power plant’s capabilities.
Texas has faced record-breaking energy demands, with peak usage hitting 85 GW in 2023. As the state’s population grows and extreme weather becomes more frequent, VPPs like this one could play a key role in stabilizing the grid. VPPs aggregate a lot of small-scale energy resources, from smart thermostats to home batteries, and use them to help balance supply and demand during times of high stress on the grid.
This nearly 1 GW VPP will be one of the largest of its kind in Texas. NRG’s president of consumer operations, Rasesh Patel, calls it a “pivotal step” for improving customer experience while making Texas’ energy infrastructure more sustainable and resilient.
In addition to Renew Home, NRG is working with Google Cloud to maximize the power plant’s effectiveness. Google Cloud’s AI and analytics tools will help predict weather conditions, forecast renewable generation, and optimize energy usage, all of which will help make energy management smoother for both customers and the grid.
Ben Brown, CEO of Renew Home, said:
NRG’s commitment to creating a more resilient and sustainable energy future while also making electricity bills more affordable makes them an ideal partner for co-developing this unique VPP program.
This initiative raises the bar for future-proofing our electricity infrastructure and delivering cost savings to customers.
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