Lordstown’s Endurance EV pickup may be a pipe dream after all, as Foxconn deal falls through
EV start-up Lordstown (RIDE) just hit another major hurdle in its journey to bring the Endurance electric pickup to market. According to an SEC filing on Monday, Lordstown may be facing bankruptcy after Foxconn, which has been a lifeline for the company thus far, signaled an end to their investment agreement.
Lordstown has faced an uphill battle in bringing its first electric model, the Endurance pickup, to the market since its founding in 2018.
After going public on the US NASDAQ exchange in 2020, Lordstown became one of the high-profile EV stocks alongside Canoo (GOEV), Arrival (ARVL), Nikola, Faraday Future (FFIE), Rivian (RIVN), Lucid (LCID), and more.
Many of the start-ups mentioned above have experienced similar financial hardships, with rising input costs and supply chain disruptions.
To make matters worse, over the past year, the Federal Reserve has raised interest rates at a pace not seen since the 80s. High-growth companies like those in the electric vehicle market have seen their valuations crater, making it harder to access cheap funding through equity raises.
Although Lordstown claimed the initial batch of 500 Endurance trucks was out for delivery last November, the company voluntarily recalled them, halting production over quality issues.
Lordstown has faced bankruptcy several times last year, yet the Taiwanese electronics manufacturer Foxconn has been there to back the EV start-up financially, with several investment rounds to revamp the program.
According to Lordstown’s SEC filing Monday, that may no longer be the case. With the Foxconn deal falling through, the start-up says bankruptcy is a possibility.
Lordstown faces bankruptcy with Foxconn backing out
Lordstown’s 8-K filing indicates Foxconn may be looking to part ways with the young EV start-up.
On April 21, 2023, Foxconn sent a letter to Lordstown stating the company was in breach of the previous investment agreement after receiving a delisting notice from the NASDAQ stock exchange.
The notice is due to Lordstown’s stock price falling below the minimum trade requirement of $1.00 for 30 consecutive trading days. Foxconn says it will terminate the investment agreement if it’s not resolved within 30 days.
Lordstown says it has notified Foxconn that it believes the breach allegations in the notice are without merit.
Lordstown also says the investment agreement, by its terms, does not permit Foxconn to terminate it following the initial closing. It adds:
In any event, Foxconn cannot exercise termination rights because Foxconn has breached the Investment Agreement by failing to use necessary efforts to agree upon the EV program budget and EV program milestones to facilitate the funding of the additional Preferred Stock investment.
Therefore, Lordstown believes the investment agreement is still in effect and is in discussions with Foxconn to seek a resolution.
However, if Foxconn doesn’t provide the funding, “the company will be deprived of critical funding necessary for its operations.” The filing adds if the company is unable to resolve the dispute with Foxconn:
We may need to curtail or cease operations and seek protection by filing a voluntary petition for relief under the Bankruptcy Code.
Electrek’s Take
From the information in the filing, it seems Foxconn is looking for a way out. The company believes with Lordstown potentially being delisted from the NASDAQ, it shouldn’t be bound to the terms of the up to $170 million investment agreement.
If this is the case, Lordstown will lose its lifeline and face bankruptcy. The company is looking for a resolution with ongoing discussions with Foxconn, but if Lordstown can’t come to terms, it will be an uphill battle getting the Endurance pickup to market.
Lordstown did say it’s evaluating its legal and financial options in the event a deal with Foxconn is not made. We’ll update you as soon as we hear more on the situation.
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On today’s incredibly frustrating episode of Quick Charge, Tesla is making it easier than ever to make fun of them by rolling out a new, “affordable” Model Y that costs $2,000 more than the “expensive” one did last week, thanks to the cancellation of the $7,500 tax credit that Elon Musk (the guy who is so good at business that he’s allegedly worth $1 trillion) spent $200 million campaigning for.
We’ve also got the new, single-motor Volvo EX30 at a price that undercuts the cheap Tesla, but includes a full length glass roof that isn’t inexplicably covered in upholstery to punish poor people. All this and more – enjoy!
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If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Chevy’s electric SUV is now the best-selling EV in the US outside of Tesla. The 2026 Chevy Equinox EV is slightly more expensive than the outgoing model, but GM has added new style packages for you to choose from.
GM raises 2026 Chevy Equinox EV price, adds options
The Chevy Equinox EV doesn’t need much help. Starting at just $34,995, the 2025 Chevy Equinox quickly became one of the best-selling electric vehicles in the US.
Entering its third year, the Equinox EV remains GM’s most affordable EV, with starting prices slightly higher at $36,495. That includes the $1,395 destination fee.
Since it’s a carryover model, there aren’t too many changes, but buyers will have several new style packages to choose from.
The 2026 Chevy Equinox LT gains a new Midnight Package, which adds black emblems, bowtie, badging, wheel caps, and 19″ black painted aluminum wheels, for $595.
There’s also a new Tech Bronze Package available on the LT and RS trims. The new option includes a Tech Bronze decal, a black nameplate, a black bowtie emblem, and 21″ Tech Bronze wheels. It costs an extra $3,595.
The 2026 Chevy Equinox EV is now listed on GM’s website. It’s still available in LT1, LT2, and RS trims with Front Wheel Drive (FWD) and All Wheel Drive (AWD) powertrain options.
The base 2026 LT FWD trim starts at $36,495 with up to 319 miles of range, including a $1,395 destination fee. Upgrading to AWD costs an extra $5,300, with a slightly shorter range of 307 miles.
| Chevy Equinox EV trim | 2025 Starting Price | 2026 Starting Price | EPA-estimated Range |
| LT 1 FWD | $34,995 | $36,495 | 319 miles |
| LT 1 AWD | $38,295 | $39,795 | 307 miles |
| LT 2 FWD | $43,295 | $43,295 | 319 miles |
| LT 2 AWD | $46,595 | $46,595 | 307 miles |
| RS FWD | $44,795 | $45,595 | 319 miles |
| RS AWD | $48,095 | $48,895 | 307 miles |
Following another record quarter of EV sales in Q3, GM said that the Chevy Equinox EV was the best-selling non-Tesla electric vehicle in the US.
With several new affordable EVs arriving, including the new Nissan LEAF, will the Equinox continue to be a top seller in 2026? It will be interesting to see where the rankings end up at this time next year.
Wondering if Chevy’s electric SUV lives up to the hype? You can use our link to find 2025 and 2026 Chevy Equinox EV models near you and try it out for yourself.
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A surge in EV charging cable thefts is putting the reliability of the UK’s charging network at risk and undermining trust among drivers. InstaVolt is the UK’s largest network of fast chargers, and over the past two years, nearly 1,000 of its charging stations (it has over 2,100, so nearly 50%) have been targeted by cable thieves. But now InstaVolt is fighting back with GPS tracking.
Bafflingly, the incentive for thieves is low-value scrap: There’s only about £25 ($33) worth of copper inside a charging cable. But the damage is costly – around £1,000 ($1,342) per site for repairs.
In April, InstaVolt CEO Delvin Lane told the BBC that the thefts had cost his company about £410,000 ($550,150) since November 2023. Lane said, “This isn’t just an InstaVolt problem; this is an industry problem. The biggest impact is on drivers.”
InstaVolt has reinforced its cables with Kevlar sheaths, making them harder to cut. It has also rolled out live GPS tracking across its network on its charging cables in partnership with GPS supplier Trackit247. The technology provides location updates every three seconds, allowing the company to detect, trace, and recover stolen cables in real time.
Each charging cable is geo-fenced to its charger, so an alert is immediately triggered if it moves outside the designated area. InstaVolt’s 24/7 security center receives instant notifications by text, email, and phone, and it can coordinate directly with the police.
The system’s biggest advantage is live tracking in transit. If a thief drives off with a charging cable, police can follow its exact route and move in fast, increasing the chance of recovery and arrest. Instavolt’s GPS technology marks a major step forward in protecting critical EV infrastructure, deterring theft, and enabling quick response when it happens.
Read more: Meet the UK’s largest solar + storage EV charging ‘Superhub’
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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