Mobile home and caravan firm Camping World Holdings Inc. (CWH) has announced an alliance with Lordstown Motors (RIDE), a manufacturer of electric cars. Cooperation could introduce the first electric mobile home on the market to Camping World, and such a phenomenon has reasons for being a sales success.
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A mutually beneficial relationship was explored by the founders of Camping World and Lordstown. So, drivers of the new Lordstown Endurance electric pickups will be able to access the Camping World utility network, which has servicing areas and power lines. In exchange, the idea of using the Lordstown chassis to build an electric mobile home will be discussed by Camping World.
There are many benefits to the electric camper, mainly lower maintenance costs than diesel and petroleum cars. Around the same time, the conventional drawbacks of electric cars connected to a small power supply and charging time are not so relevant for campers. Sometimes, camper runs are small, with long rest breaks during daylight hours. In comparison, an electric car’s capacious battery offers greater convenience and autonomy for home equipment, air conditioning, etc., without the requirement to use a motor or diesel generator.
So far, we’re just dreaming about exploring the idea of an electric mobile home being installed. In any event, however, the partnership with Lordstown is a promising indication for investors in Camping World, as the organization has shown the prospect of increased monetization of its 170 service center network.
Camping World Holdings, Inc. (CWH) was down -1.71% to $27.52. The stock is marginally down over a week but its gain since beginning of the year reaches to roughly 96 percent and it currently has market capitalization of $2.43 billion. On the other hand Lordstown Motors Corp. (RIDE) closed the Tuesday session down -2.91% to $21.34. The company’s stock surged by 114 percent since start of the year.