Lordstown Motors Investor Presentation Deck
Strategic Relationships with Key Industry Leaders
Lordstown has Many Groups Vested in its Success
Favorable Relationships
GM (capital and parts), Elaphe (parts, IP), Workhorse (IP),
Goodyear (service and parts), among others
Regulatory and Government Tailwinds for Lordstown's Mission
14 states have adopted California's zero-emission vehicle
standards (requiring OEMs to sell EVs
-
Customers to receive a $7,500 tax credit for the first 200,000
trucks manufactured by LMC (estimated to support sales by 2025)
Candidate to receive a $37.5mm grant from Jobs Ohio
Candidate for a ~$250mm loan under the federal Advanced
Technology Vehicles Manufacturing (ATVM) Loan Program
Mahoning Valley, the Heart of Ohio's Auto Industry
Focus on transforming region into 'Voltage Valley', a cluster of
companies to drive the industry's electrification
"We want to be the tiremaker of choice for electric vehicle
manufacturers and working with Lordstown represents an ideal
relationship with shared Ohio roots and shared values of innovation,
performance and sustainability."
Erin Spring
Goodyear's Director of New Ventures
Government and Local Institutions
Potential for $37.5mm
Ohio Jobs Grant
Potential for $250mm
from Federal
Programs like ATVM
LORDSTOWN.
WELCOME TO
VOLTAGE
VALLEY
GM
NIGE WITH
"Lordstown Motors' proposal to convert the former GM
assembly plant into a state-of-the-art electric vehicle
manufacturing facility is an excellent example of why
Congress created this particular loan program (ATVM).
Key Strategic Relationships
SAMSUNG
Co
WORKHORSE
Not only will this funding jumpstart our local economy now,
but it will position Youngstown and the Mahoning Valley as a
leader in the economy of the future."
Tim Ryan, Member of Congress
STATE
of
1908
GOOD YEAR
elaphe
Propulsion Technologies
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