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Foxconn and Lordstown Motors Enter Into a Transformative, Strategic Partnership

Globe Newswire - Wed Nov 10, 2021

LORDSTOWN, Ohio and TAIPEI, Taiwan, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (“Lordstown Motors” or “LMC”) (Nasdaq: RIDE), a provider of electric light-duty trucks focused on the commercial fleet market, and Hon Hai Technology Group (“Foxconn”) (TWSE: 2317), one of the largest electronics manufacturers in the world, today announced that they have entered into a definitive Asset Purchase Agreement regarding LMC’s facility in Lordstown, Ohio.

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