Lordstown Motors pauses Endurance production, recalls 19 vehicles for propulsion issue

NU RIDE INC.

Pauses production and customer deliveries of Endurance pickup due to performance and quality issues with certain components.
Voluntarily recalls 19 Endurance vehicles (customer and internal) for electrical connection issue that could cause loss of propulsion.
Filed paperwork with NHTSA; working with suppliers on root cause and corrective actions including part redesign and software updates.
Will release FY2022 financial results on March 6, 2023, before market open, with conference call at 8:30 a.m. ET.
CEO Edward Hightower states commitment to resolve issues before resuming production and shipments.

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