Lordstown and Foxconn accuse each other of investment deal breach

Jingyue Hsiao

, DIGITIMES Asia, Taipei

May 2, 2023, 11:09 0

Credit: AFP

In a regulatory filing, Lordstown said Foxconn threatened to withhold funding due to a breach of their investment agreement, which may force Lordstown to cease operations as the EV maker struggles to expand its manufacturing output.

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