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Lordstown Motors and Hon Hai Technology Group (Foxconn) reached a non-binding agreement in principle to jointly develop electric vehicle programs at Lordstown's Ohio plant. Foxconn will also purchase $50 million of Lordstown Motors common stock.
“The goal of the partnership is to present both Lordstown Motors and Foxconn with increased market opportunities in scalable electric vehicle production in North America.”investor.lordstownmotors.com
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