Lordstown Motors Investor Presentation Deck

Unit Cost Breakdown 2020 Body $10k Hub Motors $5k Total: ~$42k Chassis $10k Battery $17k Lordstown Endurance BOM Note: BOM excludes labor, overhead and consumables 2024 ~12% decrease projected in BOM over 4 years Body $9k LORDSTOWN. Hub Motors $5k Total: ~$37k Chassis $9k Battery $15k Roughly 2k 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 25

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