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/PRNewswire/ -- FinancialNewsMedia.com News Commentary: In recent years, electric vehicles have been deployed to replace traditional modes of transportation to...
The $100 million direct Preferred Stock investment replaces the joint venture funding previously announced by Foxconn and LMC
The $100 million direct Preferred Stock investment replaces the joint venture funding previously announced by Foxconn and LMC
08.11.2022 - LORDSTOWN, Ohio, Nov. 08, 2022 (GLOBE NEWSWIRE) - Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or “LMC”), an original equipment manufacturer (“OEM”) of electric light duty vehicles focused on the commercial fleet market, today ...
Lordstown Motors (LMC), an original equipment manufacturer of electric vehicles focused on the commercial fleet market, and Foxconn Ventures Pte. Ltd., an affiliate of global technology company Hon Hai Technology Group (Foxconn) reached an agreement pursuant to which Foxconn agreed to make additional equity investments in LMC of a combined...