Lordstown Endurance Investor Presentation

Timeline Through Start of Production (SOP) Workstream 1Q21 2Q21 3Q21 4Q21 Beta Prototype Buildout - 2 tranches 2 ~ 30 units X 2 Beta Prototype Testing Two Pre-Production Runs Production 50 units X 2 September 2021 • • · Working "Alpha O" Prototype was completed and unveiled in June 2020 5-Star crash test rating achieved via software crash simulation Beta prototype build to occur in 1Q21 and testing through 2Q21 Start of production in September of 2021 • Lordstown plant can manufacture approximately 60,000 units under current configuration Production Targets 2021: ~2K 2022: ~32K 2023: ~65K 2024: ~107K Source: Management estimates Investor Presentation | January 2021 24

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