Lordstown Motors and Foxconn Broaden Strategic Partnership

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Go back to Lordstown Motors and Foxconn Broaden Strategic Partnership

Lordstown (RIDE) trades up as following announced $170M Foxconn investment

November 8, 2022 7:45 AM EST

Foxconn, the world's biggest contract electronics maker, announced late Monday that the company has chosen to invest up to $170 million in U.S. electric truck maker Lordstown Motors (NASDAQ: RIDE). The investment represents a near 20% stake in the electric vehicle company and earns Foxconn two board seats at the... More