[10][11] On October 23, 2020, Lordstown reverse merged with a special-purpose acquisition company (SPAC) named DiamondPeak Holdings and became listed on the NASDAQ stock exchange.

[16] It is Lordstown's first service center outside of Ohio, with California chosen due to "the favorable regulatory backdrop in the state, which is aggressively promoting more widespread adoption of electric vehicles", according to the company.

The company responded with a statement saying, “We will be sharing a full and thorough statement in the coming days, and when we do we will absolutely be refuting the Hindenburg Research report.”[18][19][20] The Hindenburg Research report led to the US Securities and Exchange Commission (SEC) requesting information from Lordstown Motors regarding the short-seller's claims of misleading investors.

An independent investigation commissioned by the board found that the pre-order agreements were overstated in number and in seriousness in order to generate press.

[25] In October 2021, Lordstown Motors announced a US$230 million deal to sell the former GM plant to Foxconn Technology Group, which would become a contract assembler for the company's Endurance pickup truck.

[32] In November 2022, Foxconn agreed to invest another US$170 million in Lordstown, in an effort to ramp up the production of the company's debut model.

[33] On June 27, 2023, Lordstown sued Foxconn for failing to follow through its $170 million investment, and subsequently filed for Chapter 11 bankruptcy protection as part of a plan to sell itself.

The AWD hub motor system aims to reduce the number of moving parts by eschewing wheel axles and transmissions.

[42] On August 4, 2022, the company admitted to further production delays for the Endurance, citing they would need to raise "substantially more capital" to produce the initial goal of 500 vehicles.

[44] In June 2023, Lordstown Motors would end the production of the Endurance and sold the project in September 2023, following their dispute with partner Foxconn and filing for Chapter 11 Bankruptcy.