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E-pick-up company Lordstown is running out of money: whoever gets involved in the electric truck market in the USA, who stumbles

2021-06-09T17:17:12.143Z


Pick-ups are the most important type of vehicle in the USA. Investors have provided start-ups that want to stir up the market with electric drives with billions. But that can go wrong, as the start-up Lordstown shows.


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Pick-ups, known to us as flatbed trucks, are the largest type of vehicle in the USA.

So it's no wonder that numerous start-ups are trying their hand at all-electric versions of these light trucks.

Lordstown

from Ohio

is one of them

, but it is proving to be a shaky candidate: As the company announced, it currently does not have enough money

to start

series production of its

Endurance

pick-up

.

They are trying to raise more money, according to a report by the listed company to the US securities regulator SEC.

The continued existence of the company is not guaranteed.

According to the original plans, the Endurance was to be built in a former General Motors plant in Ohio.

Photo: Tony Dejak / AP

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The car should offer a range of over 400 km and up to 600 hp.

The Endurance should be able to pull loads of up to 3.4 tons - and at a comparatively moderate base price of 52,500 dollars.

In March, Shortseller Hindenburg Research accused the start-up of deceiving investors with unfair methods and unrealistic promises.

The company's share price plummeted as a result, and the SEC started an investigation.

It is uncertain whether Lordstown can continue - but this also applies to some other electric vehicle start-ups, as manager magazin reported in September 2020 ...

Photo: MEGAN JELINGER / AFP

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... the most promising opponent for Tesla, which is also planning an electric pick-up with the Cybertruck, is the Detroit start-up Rivian.

The

Rivian RT1

will be delivered to customers

from July 2021

.

The most powerful version with a 180 kWh battery is expected to travel up to 644 kilometers on one charge.

In the best case scenario, Rivian's R1T sprint to 100 km / h in three seconds, initially at prices starting at $ 75,000.

Amazon has invested in the company and has already ordered a six-digit number of electric vans.

Ford and US star investor George Soros are also on board as donors.

In the latest round of funding, Rivian raised $ 2.5 billion.

Photo: NATHAN FRANDINO / REUTERS

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Even the most traditional US automakers want to get involved in the market.

That is why

Ford

, whose F-150 pick-up has been the best-selling model in North America for decades, is also going on an electric trip: the

E version of the F-150

is due to hit the market in early 2022.

Among other things, it is intended to win customers with its high tractive power: it can hook trailers with a weight of up to 4.5 tons.

Its battery can also power a home.

The E-F150 can measure and display the payload via chassis sensors.

The most powerful version should create a range of up to 482 kilometers.

The electric pickup wants to generate up to 563 hp and 750 nM torque.

The basic version for commercial use should only cost just under $ 40,000.

Photo: Ann-Sophie Fjello-Jensen / AP

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Ford's opponent

General Motors is

reviving the brutal Hummer brand for its electric pick-up plans: The "

GMC Hummer EV

", as the E-model is called, is to be offered from the beginning of 2022.

In keeping with the brand, GM is promoting the pickup as the "first fully electric super truck".

with up to 1000 hp, a range of over 350 miles (560 kilometers) and a pulling force of over 15,600 Newton meters of torque.

However, the car will also weigh over 4 tons.

And the electric Hummer is not cheap: Prices start at just under $ 80,000.

Photo: GMC

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They are all taking a stand against Tesla's "cybertruck": With the purely electrically powered pick-up,

Tesla

wants to

win over the mass of commercial vehicle fans who are important on the US car market for e-drives. The

Cybertruck

is expected to

roll off the assembly line

in a new plant in Texas from the end of 2021. The angular, martial-looking flatbed truck should be able to transport over 1.7 tons of weight on the loading area and in the top version it can go from 0 to 60 miles per hour (almost 100 km / h) in 2.9 seconds. The basic version with a range of 400 kilometers should cost just under $ 40,000, the top model with a range of 800 kilometers and a pulling force of up to 6.3 tons at least $ 70,000. However, Tesla is currently struggling with its plans for even larger electric vehicles ...

Photo: via www.imago-images.de / imago images / Cover-Images

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... At the beginning of June 2021, Tesla lost one of its top executives who was supposed to advance the "Semi" electric semi-trailer: Jerome Guillen (48; pictured), who was once responsible for Car2Go at Daimler and has been in Tesla's service for more than ten years , leaves the Californian electric car pioneer.

Since March 2021 he has headed Tesla's truck division, the "Heavy Trucking" unit.

Tesla's first "semi" electric semitrailer tractor was originally supposed to come onto the market in 2021 ...

Photo: imago stock & people

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... However, delivery bottlenecks for battery cells could delay production until 2022, Musk explained in May 2021. The

most powerful version of

Tesla's "Semi"

should have a range of at least 500 miles on one battery charge.

It can be charged on "mega-chargers" that have not yet been fully developed, which are supposed to provide up to 1000 kilowatts of charging power - the currently fastest charging stations for conventional electric cars only manage 350 kilowatts.

There is still no specific delivery date for the semi-truck.

But competition is also growing in the USA in the market for heavy e-trucks ...

Photo: Alexandria Sage / REUTERS

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...

Daimler

is currently working on an electric truck model called "

eCascadia

", which the Swabians have been testing with customers in the USA for two years.

There will also be an

Actros semi-trailer truck with a purely battery-powered electric drive

, with a range of 500 kilometers.

It has not yet been determined when the electric tractors will be built in series, and Daimler is still silent on prices.

Photo: ERIC JOHNSON / REUTERS

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The US commercial vehicle start-up

Nikola

originally wanted to

start

with an electric truck this year - but allegations of fraud against the company by short sellers have thrown the plans through.

Nikola founder Trevor Milton resigned in September 2020 because of the allegations that the

Tre electric truck

should be on the market at the end of 2021.

Most recently, the company's share price rose significantly again - whether the much-noticed Tre and possible hydrogen successors will actually be built in series remains to be seen.

Photo: - / AFP

wed

Source: spiegel

All news articles on 2021-06-09

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