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Nov 11, 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.
In October 2021, Lordstown Motors announced a US$230 million deal to sell the former GM plant to Foxconn Technology Group, which would become a contract assembler for the company's Endurance pickup truck. It was announced that Foxconn would also invest US$50 million in the company through a purchase of common stock.
Jun 27, 2023 · 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...
Jul 24, 2023 · LORDSTOWN — Foxconn is proposing a project at its Lordstown automaking plant that would allow the Taiwanese technology giant to more than quadruple the number of vehicles it can produce there in...
Mar 15, 2024 · Lordstown Motors sued Foxconn in June 2023 when it initially filed for bankruptcy protection. It claimed the Taiwanese conglomerate misled the startup about its plans to collaborate on a lineup...
Nov 7, 2022 · Foxconn to invest up to $170 million in Lordstown Motors. Announce plans to pursue first joint EV program.
May 11, 2022 · Foxconn is committing $100 million towards the new joint venture, including a loan to Lordstown for $45 million to support its initial capital commitment.
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...
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 · Lordstown Motors Corp. may be forced to cease operations and file for bankruptcy after manufacturing giant Foxconn told the electric-vehicle company that it’s prepared to pull out of a production...
