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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.
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 · 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...
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 7, 2022 · Foxconn to invest up to $170 million in Lordstown Motors. Announce plans to pursue first joint EV program.
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 accused Foxconn of fraudulent conduct and a series of broken promises in failing to abide by an agreement to invest up to $170 million in the company.
May 15, 2021 · Foxconn to become biggest shareholder in Lordstown Motors with up to $170 million investment. Lordstown Motors said on Monday it had entered into a deal under which Foxconn Ventures Pte...
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.
Sep 30, 2021 · Global technology firm Foxconn will buy an assembly plant owned by U.S. electric vehicle startup Lordstown Motors Corp for $230 million and take over production of a new pickup truck, the...
