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Nov 11, 2021 · Foxconn and Lordstown Motors announce a strategic partnership to co-design, develop and produce electric vehicles at the Lordstown facility in Ohio. Foxconn will purchase the plant for $230 million and enter into a contract manufacturing agreement for the Endurance pickup truck.
www.cnn.com · 2023/06/27 · businessLordstown Motors files for bankruptcy and sues former partner ...
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...
Mar 15, 2024 · Nu Ride, formerly Lordstown Motors, emerged from bankruptcy with a new name and a focus on its lawsuit against Foxconn. The company claims Foxconn misled it about its plans to collaborate on electric vehicles and destroyed its business.
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.
Nov 7, 2022 · 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.
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.
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May 11, 2022 · Foxconn will invest $55 million for 55% of a joint venture for product development, and will take on approximately 400 Lordstown employees, the company said in a statement.
