Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development
Green Car Congress
MAY 12, 2022
Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). Concurrently with the closing, Foxconn and Lordstown Motors entered into a manufacturing supply agreement for the Endurance.
Let's personalize your content