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Originally Posted by Hersbird
He's saying this is the Workhorse axle motor. Workhorse dropped the hub motor design and another investor bought it and created Lordstown motors named after the Lordstown GM plant he also bought to make his pickup.
To me the Lordstown guy seems serious about making the EV, and it seems all the prototypes have hub motors. Maybe they have figured out the shortcomings or know nobody else is making pickups that last much more than 200,000 either without a $5000 motor or a $3000 transmission or $4000 worth of fuel injector work or all of the above. Even if it needed $10,000 worth of new hub motors after that it's still under what and average new pickup is going to bleed you.
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Lordstown Motors and the Workhorse Group have the same founder - Steve Burns.
As sandwichse said, Lordstown is just a spin-off from Workhorse. Workhorse "sold" the dead W15 pickup project to Lordstown. The deal is convoluted but the most significant term is that Workhorse gets 1% of all money that Lordstown Motor's raises.
https://workhorse.com/assets/doc/inv...L%203-9-20.pdf