Page 2 - 鴻海 News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from 鴻海. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Signed Manufacturing and Joint Venture Agreements for Product Development with Lordstown Motors, Gaining More Talented Employees and Targeting More EV OEM Clients12 May 2022, Taipei, Taiwan / Lordstown, Ohio. Hon Hai Technology Group (“Foxconn”) (TWSE: 2317), the world’s largest technology manufacturer and service provider, and Lordstown Motors Corp. (“Lordstown Motors” or “LMC”) (Nasdaq: RIDE), an OEM of electric light-duty trucks focused on the commercial fleet market, have announced today the signing of a contract manufacturing agreement and a joint venture agreement for product development. As previously disclosed on Nov 11, 2021, Hon Hai and Lordstown entered into an Asset Purchase Agreement (APA) regarding LMC’s production plant in Lordstown, Ohio. The transaction and asset transfer were in progress and was approved by regulatory authorities. On May 12, 2022, Hon Hai announced the completion of the fa ....