Lordstown Endurance Investor Presentation

Bill of Materials (BoM): Unit Cost Breakdown Hub Motors $5k 2020 Lordstown Endurance BoM: Now and Later ~12% Hub Motors $5k 2024 Battery $17k Body $10k Total: ~$42K Decrease projected in BoM over 4 years Battery $15k Body $9k Total: ~$37K Chassis $10k Chassis $9k • Roughly 2,000 components • Top 10 components represent ~ 90% of anticipated costs • Secured deal with GM for access to supplier network of non-customer facing parts such as airbags, steering assembly, and seat frames, all of which are essential to successfully passing safety and crash tests Note: BoM excludes labor, overhead and consumables Investor Presentation | January 2021 27

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