Lordstown Motors evaluates strategic partners in funding search

A Lordstown Motors pre-production all electric pickup truck, the Endurance, is seen after being merged with a chassis at the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook

LORDSTOWN, Ohio (Reuters) -Electric vehicle startup Lordstown Motors Corp is "evaluating strategic partners" as part of its search for funding needed to stay in operation, the company's executive chair, Angela Strand, said on Monday.

Lordstown Motors earlier this month warned it may not be able to continue as a "going concern" if it cannot raise more money to retool its factory in Lordstown, Ohio, for high-volume production.