X

Lordstown Motors claims it has 40,000 preorders, shows off its new interior

It's also close to becoming a publicly traded company, according to its representatives.

lmc-endurance-interior-sept-2020-1

A business-like interior for a work truck.

Lordstown Motors

Electric pickups look like they'll be big business with several brands -- both legacy and startup -- planning to offer them in the coming years. One of the latter is called Lordstown Motors, and it debuted its Endurance pickup back in June. What sets Lordstown apart from its competitors is the fact that it's exclusively targeting commercial fleets as customers.

That strategy seems to be working because the brand announced on Wednesday that it had received approximately 40,000 preorders for the Endurance. Now, that may not sound like much compared to the half a million preorders that claims it has for the Cybertruck , but because they're commercial fleet orders, they might be more likely actually to turn into sales.

Lordstown claims that these 40,000 preorders equate to around $2 billion in sales revenue. That's not bad for a company of Lordstown's size. In addition to the preorder announcement, Lordstown took the opportunity to show off the Endurance's interior a bit more, and it looks, well, fine. It seems modern, but basic and hard-wearing. Exactly what you'd want in a work truck, right?

Now, in case you forgot, Lordstown's Endurance will offer 250 miles of range, and its main claim to fame is its in-wheel hub motors. We don't know much about the pack design or any of its performance or towing figures, but they're probably going to be adequate. 

The company also claims to be close to potentially becoming a publicly traded company. It entered into a business agreement with a firm called DiamondPeak Capital, which is set to close in October. If everything goes to plan, Lordstown will be listed on the NASDAQ under the ticker symbol, "RIDE."

Bollinger B2CC: A sharp electric tow truck, box truck or anything in between

See all photos
Watch this: See the electric trucks that want to steal the show from electric cars
Kyle Hyatt Former news and features editor
Kyle Hyatt (he/him/his) hails originally from the Pacific Northwest, but has long called Los Angeles home. He's had a lifelong obsession with cars and motorcycles (both old and new).
Kyle Hyatt
Kyle Hyatt (he/him/his) hails originally from the Pacific Northwest, but has long called Los Angeles home. He's had a lifelong obsession with cars and motorcycles (both old and new).

Article updated on September 23, 2020 at 4:09 PM PDT

Our Experts

Written by 
Kyle Hyatt
CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid. Reviews ethics statement
Kyle Hyatt Former news and features editor
Kyle Hyatt (he/him/his) hails originally from the Pacific Northwest, but has long called Los Angeles home. He's had a lifelong obsession with cars and motorcycles (both old and new).
Why You Can Trust CNET
174175176177178179180+
Experts Interviewed
030405060708091011121314+
Companies Reviewed
108109110111112113+
Products Reviewed

We thoroughly evaluate each company and product we review and ensure our stories meet our high editorial standards.