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Lordstown Motors and Foxconn announce EV partnership in Ohio · Endata

◂ Announcements

Oct 1, 2021PARTNERSHIPLordstown, Ohio, United States

Lordstown Motors and Foxconn announce EV partnership in Ohio

Lordstown Motors and Hon Hai Technology Group (Foxconn) reached an agreement in principle to jointly develop electric vehicle programs at Lordstown Motors' assembly plant in Lordstown, Ohio. Foxconn will also purchase $50 million of Lordstown Motors' common stock.

Value

$50.0M

Status

Announced

Productselectric light duty trucks

CompaniesLordstown Motors Corp. partner Hon Hai Technology Group partner

Sectors#Automotive Components

“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.”foxconn.com

1 source
foxconn.comLordstown Motors and Hon Hai Technology Group Announce Agreement in Principle - Hon Hai Technology GroupOct 1, 2021

Summarized from public sources; check the original articles before acting on it.

More from Lordstown Motors Corp.

Nov 8, 2022INVESTMENTUnited States$170.0M
Foxconn increases investment in Lordstown Motors by $170M
Lordstown Motors Corp.Foxconn investor thetruthaboutcars.com
May 11, 2022PARTNERSHIPUnited States$100.0M
Lordstown Motors and Foxconn form $100M EV joint venture
Foxconn partner Lordstown Motors Corp. partner prnewswire.com
May 11, 2022ACQUISITIONLordstown, Ohio, United States$230.0M
Lordstown Motors sells Lordstown facility to Foxconn for $230M
Foxconn acquirer Lordstown Motors Corp. target prnewswire.com
Nov 10, 2021ACQUISITIONLordstown, Ohio, United States$230.0M
Foxconn to acquire Lordstown Motors facility for $230 million
Foxconn acquirer Lordstown Motors Corp. target investor.lordstownmotors.com
Sep 30, 2021PARTNERSHIPLordstown, Ohio, United States$50.0M
Lordstown Motors and Foxconn announce agreement in principle for EV partnership
Lordstown Motors Corp. partner Hon Hai Technology Group partner investor.lordstownmotors.com
Nov 2, 2020ACQUISITIONUnited States$1.60B
Lordstown Motors merges with DiamondPeak Holdings in $1.6B deal
Lordstown Motors Corp. target DiamondPeak Holdings Corp. acquirer prnewswire.com

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