LORDSTOWN — Lordstown Motors Corp. will delay commercial production and customer delivery of its first auto — the Endurance truck — until the third quarter of 2022, the electric-vehicle startup has announced.

The holdup of about three months — the company in August reported expected market delivery in the second quarter of next year — is due to obstacles that pushed back assembly of preproduction vehicles needed for validation and full homologation, or whole-vehicle approval.

The company expects to build about 100 preproduction Endurances over the next three months.

“This reflects a modest delay in our preproduction build schedule from earlier expectations and is largely the result of parts shortages, raw material availability, delayed semiconductor shipments and other supply-chain disruptions, which you all know are impacting the entire automotive industry,” Dan Ninivaggi, Lordstown Motors’ chief executive, said.

On Thursday, Lordstown Motors released its third quarter 2021 financial results and gave an outlook for the company that has undergone a considerable transformation recently, including an executive shakeup and agreement to sell its 6.2 million-square-foot automaking factory in Lordstown for $230 million — two developments announced Wednesday.

Also Thursday, the company announced it has an agreement with Cox Automotive to service and support Lordstown Motors’ fleet customers.

Cox has more than 6,000 service centers, 3,000 partner locations and 800 mobile technicians across the U.S.

“The Cox team will deliver a full suite of service solutions, including preventative-scheduled maintenance, vehicle pickup and delivery, battery servicing, vehicle and collision repairs and roadside assistance,” Ninivaggi said.

Ninivaggi said the company also is starting to see results from marketing the truck at trade and other industry-related events.

“We are receiving strong positive feedback from potential customers who have recently evaluated or experienced a ride in an Endurance. We continue to execute on a commercial fleet-first strategy and have received addition indications of interest from a number of commercial operators, including fleet management companies,” Ninivaggi said. “These indications of interest, while nonbinding and subject to certain conditions, are a show of confidence in the Endurance and demand for electric pickup trucks generally, and are important steps in building our order book.”

The financial report followed immediately on the heels an asset purchase agreement with Taiwanese tech giant Foxconn to purchase the plant and appointment of a new president, moves that pushed Lordstown Motors stock up nearly 24 percent over Wednesday and Thursday. It closed Thursday at $6.89 per share.

The partnership with Foxconn, also known as Hon Hai Precision Industry — perhaps best known for producing Apple’s iPhone — “will unlock the tremendous potential” of the factory and allow Lordstown Motors to reduce its cost of bringing the Endurance to market, according to Ninivaggi.

Also, the deal allows the company “to jointly develop vehicles with a partner that has significant scale, manufacturing expertise, and a commitment to electric-vehicle manufacturing as one of its key global strategic priorities.”

The purchase agreement calls for Foxconn to make a $100 million down payment by Nov. 18 and payments of $50 million Feb. 1 and by no later than April 15. The remaining balance will be paid at closing, which is targeted for April 30. Foxconn already has made an equity investment of $50 million into Lordstown Motors.

Also, the companies have agreed to pursue a contract manufacturing agreement for the Endurance truck that must be signed before closing and to pursue a joint venture agreement to co-design and develop vehicle programs for the global commercial fleet market.

In financials, Lordstown Motors reported a net loss of $95.8 million and capital expenditure spending of $79.9 million for the third quarter, which it ended with a $233.8 million of cash on hand.

The company’s outlook includes expected cash balances of between $150 million and $180 million on Dec. 31, including the anticipated $100 million down payment by Foxconn for the plant and $15 million in issuances under the equity purchase agreement.

Capital expenditures of between $330 million and $350 million are predicted for 2021, down from $375 million to $400 million, largely as a result of the timing of purchases related to tooling and production readiness.

Also, selling, general and administrative expenses of between $105 million and $120 million and research and development costs of between $320 million and $340 million for 2021 are expected, according to the company.