Search results
Lordstown Motors filed for bankruptcy protection Tuesday, put itself up for sale, and announced a lawsuit against Foxconn, accusing its biggest shareholder and former partner of setting out to...
Foxconn will invest up to $170 million in Lordstown Motors, a US electric vehicle maker, and pursue a joint EV program. The deal includes equity stakes, board seats, conversion rights, and a termination of the existing joint venture.
May 11, 2022 · Lordstown Motors sells its Ohio plant to Foxconn and enters into a contract manufacturing agreement for its Endurance truck. The two companies also form a joint venture to co-develop electric vehicles using Foxconn's MIH platform.
Jun 27, 2023 · Lordstown was burning through cash and sold its factory to Foxconn, which is best known for assembling Apple’s iPhones at factories in China.
May 1, 2023 · Shares of electric truck maker Lordstown Motors dropped more than 40% in Monday trading and ended the day down 23%, after the company disclosed that Foxconn, its major investor and the company...
Nov 10, 2021 · Foxconn invests in Lordstown Motors, company will deliver first all-electric truck next year. Once the deal is finally closed, Foxconn will get 1.7 million warrants to buy more Lordstown shares...
People also ask
Why is Foxconn suing Lordstown Motors?
What will Lordstown motors and Foxconn do?
Did Foxconn 'destroy' Lordstown Motors?
Why did Foxconn buy Lordstown?
Nov 10, 2021 · Lordstown Motors and Foxconn will pursue a joint venture agreement to co-design and develop vehicle programs for the global commercial fleet market, using the MIH open platform. Lordstown and Foxconn would have the right to commercialize these new EV programs in North America and internationally.
