Perspective

Lordstown, Foxconn Close Deal, Bringing Needed Cash to EV Maker. Shares Soar.


ABSTRACTED: Barrons

"Lordstown is selling its Ohio plant to Foxconn. Foxconn will operate the facility and build Lordstown's EVs. With the signing, Lordstown looks set to receive, very roughly, $60 million more from Foxconn. The pair also announced a design joint venture that Foxconn will contribute another $100 million to."

First Published: 2022-05-12

Pages Viewed: 4

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