Congressman Tim Ryan said, "I applaud Steve Burns and the entire team at Lordstown Motors for advancing to the next stage of the ATVM loan program and stand ready to continue to assist them in any way needed."

The statement follows after Lordstown Motors advanced to the next stage in the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) Loan Program application.

Lordstown Motors has accepted an invitation from the United States Department of Energy to start the due diligence process toward securing an Advanced Technology Vehicles Manufacturing Loan ("ATVM Loan").

"I'm proud to have successfully fought to protect the ATVM loan program this year after repeated attempts from the Trump White House to eliminate it. This program could end up being crucial to helping more electric vehicle companies—like Lordstown Motors—create jobs and lead the future of manufacturing here in the Valley and across the country," said Ryan.

As we've said before, our business model is not reliant on receiving the ATVM loan," remarked Lordstown Motors CEO Steve Burns. "The funds would, however, enable us to increase production capacity to get the Lordstown Endurance to more customers more quickly, while simultaneously advancing research and development of future vehicles." as two budget cycles.

This past December, Ryan was joined by Senator Sherrod Brown and Rep. Marcia Fudge in successfully urging Congress to reject cuts for the program.

President Trump's Fiscal Year 2021 and 2020 budgets sought to end the Advanced Technology Vehicles Manufacturing (ATVM) loan program. Still, Ryan used his position on the House Appropriations Committee to save the program.