Nu Ride Inc - Company Profile
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Nu ride Inc (Nu Ride), formerly Lordstown Motors Corp, is an automobile manufacturer. The company designs, manufacturers and supplies electric vehicles. Its product portfolio includes a flagship vehicle, an electric full-size pickup truck designed to reduce fuel costs and pollution. The company is focused on designing sustainable and cost-efficient vehicles and expanding its operations to manufacture electricity-powered automobiles in the Midwest region of America. It serves clients across the commercial transportation and logistics industry. Nu Ride is headquartered in Lordstown, Ohio, the US.
Headquarters
United States of America
Address
1700 Broadway, 19th Floor, New York, 10019
Website
lordstownmotors.com
Telephone
1 212 2022200
No of Employees
1
Industry
Automotive
Ticker Symbol & Exchange
NRDE (OTC)
EPS
XYZ
Net Income (2024)
XYZ
92.4%
(2024 vs 2023)
Market Cap*
$29.3M
Net Profit Margin (2022)
XYZ
89.9%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products |
|---|
| Product: |
| Electrical Vehicles |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In March, the company emerged from bankruptcy. |
| 2023 | Bankruptcy Filing | In June, the company filed for Chapter 11 bankruptcy in the US. |
| 2023 | Contracts/Agreements | In April, the company entered into an agreement with Amerit Fleet Solutions under which Amerit will provide service and maintenance to Lordstown’s commercial fleet customers. |
Competitor Comparison
| Key Parameters | Nu Ride Inc | General Motors Co | Lucid Group Inc | Canoo Inc |
|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America |
| City | New York | Detroit | Newark | Torrance |
| State/Province | New York | Michigan | California | California |
| No. of Employees | 1 | 156,000 | 9,000 | 651 |
| Entity Type | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Andrew L. Sole | Chairman | Executive Board | - | 61 |
| Alexander C. Matina | Chief Executive Officer; Director; President; Secretary; Treasurer | Executive Board | 2025 | 49 |
| Alexandre Zyngier | Director | Non Executive Board | - | 56 |
| Neil Weiner | Director | Non Executive Board | - | 64 |
| Michael J. Wartell | Director | Non Executive Board | - | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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