Lordstown Motors and Foxconn form $100M EV joint venture

Lordstown Motors and Foxconn entered into a joint venture agreement, MIH EV Design LLC, with a $100 million investment to develop electric vehicles for the global market. Foxconn also invested $100 million in the joint venture.

“Creation of $100 million joint venture, MIH EV Design LLC, to develop electric vehicles for the global market.”prnewswire.com

• 1 source
• prnewswire.comLordstown Motors and Foxconn Close Asset Purchase Agreement and Enter into JV Agreement for MIH Based EV DevelopmentLordstown Motors Corp.May 11, 2022

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