Lordstown Motors (RIDE) has officially gone public through a reverse merger and now people are betting on the startup delivering an electric pickup truck with in-wheel hub motors.
It’s a technology that has never been implemented in a passenger electric vehicle for consumers before.
Recently, we have seen a number of companies in the electric vehicle industry looking into going public by acquiring a special purpose acquisition company or SPAC, which is a holding company already traded publicly for the purpose of doing a reverse merger with a private company.
Lordstown Motors is one of them.
The Link LonkOctober 28, 2020 at 09:46PM
https://www.autospies.com/news/Lordstown-Goes-Public-Banking-On-In-Wheel-Hub-Motor-Technology-103726/
Lordstown Goes Public Banking On In Wheel Hub Motor Technology - AutoSpies.com
https://news.google.com/search?q=Wheel&hl=en-US&gl=US&ceid=US:en
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