Lordstown Endurance Investor Presentation
Market: Profitable Target Segment
Light Trucks have been taking share for more than a decade
Powertrain Weighting (% of Total US Vehicles)
US Annual Sales - Light Truck (1) vs. Car
3 %
10%
1 %
2%
5 %
5 %
2%
-74%
17.6
20%
17.5
16.6 16.2
16.5
15.6
17.2 17.3 17.0
60%
15.1
~51%
13.3
14.5
12.8
11.6
95%
65%
33%
8.1 7.9 7.0
5.7 6.0
6.3
7.5 7.8 7.7 7.6
6.9
6.1 5.4 4.7
3.9
2020E
2030E
2040E
2006
2008
2010
2012
2014
2016
2018
LTM
Car
LTR
% LTR
8.4 8.3
10.4
8.8
7.8
9.9 10.7
7.0
11.1 12.0 12.3
6.2
6.4
11.2
5.6
4.7
■ICE & Other EV PHEV HEV
EVS projected to grow at a ~30-35%
CAGR to 2030, providing a long-term
tailwind
• EV penetration expected to hit 60% in the
US by 2040
Source: Public sources, third-party analysis, and management estimates.
(1) Light Trucks = SUVS, CUVs, Pickups
E
•
.
Continued trend of light truck dominance within
the auto industry supports Lordstown's mission
⚫ Light trucks provide the ideal platform for
Lordstown's EV and hub motor technology
Investor Presentation | January 2021
6View entire presentation