Lordstown Motors has filed for Chapter 11 bankruptcy protection and is up for sale. The move comes as Lordstown could not resolve a dispute with Foxconn over a promised investment. In addition to all of […]
If a difficult road to production and an electric pickup truck with shockingly low range wasn’t enough to deal with, Lordstown Motors is gearing up for a legal battle with Taiwanese company Foxconn. According to […]
Lordstown received what appeared to be a lifeline from Foxconn last November, in which the Taiwanese tech giant would invest as much as $170 million through a purchase of preferred stock and common shares. That […]
Foxconn, popularly known for assembling Apple’s iPhone, is taking another step into EV manufacturing. It is doing so with a little help from other companies like Nvidia, whose self-driving toolkit will power the EVs. The […]
Lordstown Motors has announced its Endurance electric pickup truck has received its certifications from the United States Environmental Protection Agency (EPA) and California Air Resources Board (CARB), allowing it to kick off deliveries to customers. […]
Foxconn is in the middle of diversifying its business. The Taiwanese company has formed a consortium, MIH, to make electric vehicles and sell them in Asia. The first car from MIH is a battery-powered three-seater, […]
Lordstown Motors Corp has agreed in principle to sell a substantial stake in the company to Foxconn. As per Bloomberg, the agreement will see Foxconn invest as much as $170 million through a purchase of […]
The EV industry often brings together multiple players through collaboration. Saudi Arabia and Foxconn are the latest, pairing up for an investment in electric cars. Lucid Motors committed to Saudi Arabia manufacturing facility as part […]
During Foxconn‘s annual Tech Day, Chairman Liu Young-way re-confirmed the company aims to have five per cent of the EV market by 2025. The aggressive plan will see the tech giant partner with EV companies […]
Foxconn, the Apple iPhone assembler, is adding EV manufacturing to its capabilities. The Taiwanese company has revealed the Tesla Model Y challenger. The car, the Foxtron Model B, will have a full reveal on October […]
