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


"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

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