Lightning eMotors produced 128 vehicles, powertrains during Q4

Lightning eMotors announced that it produced 128 vehicles and powertrains in the fourth quarter of 2022, up from 104 during the third quarter. "The fourth quarter capped a significant year of production for Lightning as we continued to demonstrate that we can grow capacity at a rate that we believe will allow us to reach gross margin positive in 2023. Our investments in 2022 in people, equipment, and processes have increased our production output, efficiency, and quality. Our fourth quarter output was the highest in our history by nearly 23%, and more than triple the quarterly production level from a year ago," said Tim Reeser, CEO and Co-Founder.