Lordstown Motors Achieves ‘Homologation.’ Why It’s a Big Deal for the Stock.
Lordstown Motors hit an important milestone. Shares are rising, even though many people may not know the word used to describe that step. The Ohio-based electric truck startup announced Tuesday that its all-electric Endurance pickup truck has achieved full “homologation,” essentially winning regulatory approval to sell cars.
That clears the way for deliveries, so the first trucks are on their way to customers now.