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Lordstown, Foxconn broaden partnership with USD 170 million investment, joint EV
On November 7, Lordstown Motors Corp. and Foxconn Ventures Pte. Ltd., an affiliate of Hon Hai Technology Group, announced that they reached an agreement in which Foxconn will invest an additional USD 170 million in LMC the form of USD 70 million of LMC’s Class A common stock, and up to USD 100 million of a newly crea....
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