Lordstown Motors delivers just 3 Endurance pickups in 2022, begins pivot to new Foxconn EV platform
and invested in the startup last year in a deal that could eventually be worth up to $170 million if all milestones are hit.
Lordstown said that Foxconn has so far invested $52 million, of which $30 million is earmarked for a new EV platform, which will incorporate components and engineering developed by the Mobility in Harmony Consortium , a Foxconn-led effort to develop an open architecture for electric vehicles.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Analysis: Foxconn races to become an EV player and the clock is tickingFoxconn wants to do for electric vehicles (EVs) what it has done with the iPhone, but first, it needs to find the next Apple – and fast.
Leer más »
Foxconn reports fall in Feb sales, sticks to Q1 outlookTaiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple, said on Sunday revenue in February fell 11.65% year-on-year due to weakness in smart consumer electronics, but stuck to its first quarter outlook.
Leer más »
Scout Chooses South Carolina For New FactoryScout Motors has chosen a site north of Columbia, South Carolina, for its first factory. Construction will begin later this year.
Leer más »
Short-term yields are climbing but watch for a Fed policy pivotShort-term cash is back in style with yields sizzling around 5%, but watch out for a Fed policy U-turn, says investment strategist
Leer más »
Top strategist explains why it's time to pivot from stocks in new eraA chief global strategist explains why it's time to pivot from stocks as a new era of investing kicks off
Leer más »