This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Ohio-based electric pickup truck designer, Lordstown Motors Corporation, will not complete safety certification tests of its Endurance vehicle before the late fourth quarter, outlined the company’s chief engineer, Mr. Darren Post, at an online event yesterday. The executive joined Lordstown’s president Mr. Rick Schmidt to provide attendees details for the company’s production, financing and certification progress at an online event organized by the Automotive Press Association (APA) in Detroit. The company’s executive chairman, Ms. Angela Strand, was also in attendance, but the other two executives shared all details for Lordstown’s operations.

Lordstown Motors Will Start Vehicle Safety Certification This Summer & Commence Production Before It Finishes

The event was the first presentation given by Lordstown’s management after its former CEO and CFO resigned from their roles at the start of this week. Their resignation came after Lordstown’s pre-orders for its Endurance pickup truck and production capabilities were called into question by a report published by Hindenburg Research, and at the APA presentation, Mr. Schmidt and Mr. Post focused on these areas to provide current details.

During the call, Lordstown’s vehicle certification process for the Endurance became the center of attention several times after the chief engineer shared some crucial details during his opening remarks. In these, he highlighted that Lordstown’s vehicles are engineered to meet the Federal Motor Vehicle Safety Standards (FMVSS) safety requirements,

According to Mr. Post:

After these opening remarks, the executive was asked whether the September production run would be “pre-production”, with market-ready vehicles to be manufactured later, he replied:

The Federal Motor Safety Standards (FMVSS) tests evaluate 600 different areas of a vehicle to evaluate its survivability, endurance and crash avoidance.

Mr. Post, when then asked whether it was risky to start production before certification was over, replied: