Wednesday 28 June 2023
Foxconn refutes Lordsdown allegations amid lawsuit
Lordstown Motors has filed a lawsuit against Hon Hai Technology Group (Foxconn) and some of its subsidiaries, including Foxconn Ventures, in the US Bankruptcy Court for the District...
Tuesday 27 June 2023
US truck startup Lordstown files for bankruptcy after Foxconn deal falls through
Lordstown Motors Corp. filed for bankruptcy after the electric truck startup's investment agreement with manufacturing giant Foxconn Technology Group rapidly unraveled.
Wednesday 3 May 2023
Analysis: why is Foxconn suspending further investments in Lordstown?
US electric pickup truck startup Lordstown Motors (LMC) previously announced that because Foxconn is suspending further investments, it could be facing bankruptcy. LMC claimed that...
Tuesday 2 May 2023
Lordstown and Foxconn accuse each other of investment deal breach
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...
Thursday 2 February 2023
Foxconn hires Nissan veteran to lead EV business
Taiwanese tech giant Foxconn, determined to transform its entire group, has been actively expanding to electric vehicle industry in recent years. Having made new changes to its business...
Monday 16 January 2023
Foxconn EV roadmap stretches well from a small town in US
Foxconn Technology (Hon Hai) has set electric vehicle (EV) production as the core of its 3.0 transformation scheme, and its Ohio EV plant acquired from Lordstown Motors will be playing...
Monday 5 December 2022
Foxconn improves EV production efficiency with flexible production lines and employee training
After Foxconn obtained the Ohio production site of Lordstown Motors, the market has been closely monitoring when it'll begin mass production. According to Foxconn CPO Jerry Hsiao,...
Friday 2 December 2022
Foxconn shipping 1st batch of EV pickup trucks at Ohio plant
Hon Hai Precision Industry (Foxconn) kicked off shipments of its first batch of electric vehicle (EV) pickup trucks for Lordstown Motors at its assembly plant in the US state of Oh...
Tuesday 8 November 2022
Lordstown Motors gains on $170 million Foxconn investment deal
Lordstown Motors agreed to sell a substantial stake and give two board seats to manufacturing partner Foxconn Technology Group, replacing a previous arrangement for electric-vehicle...
Friday 28 October 2022
Foxconn, YSU to jointly build EV talent cultivation center in Lordstown, Ohio
Hon Hai Technology Group (Foxconn) has announced plans to partner with Youngstown State University (YSU) to set up an electrical vehicle (EV) workforce training and innovation center...
Wednesday 12 October 2022
Foxconn to produce prototypes for IndiEV in Ohio
Taiwan-based electronics manufacturer Foxconn has been seeking opportunities to manufacture automobiles the way it manufactures consumer electronics.
Monday 16 May 2022
Foxconn marches into global EV market with Lordstown, Fisker
Hon Hai Technology Group (Foxconn) has taken another significant step into the electric vehicle (EV) market by signing a contract manufacturing agreement and a joint venture agreement...
Friday 13 May 2022
Foxconn reiterates flat sales outlook for 2Q, 2022
Hon Hai Precision Technology (Foxconn) has reiterated a flat revenue growth outlook for both the second quarter of 2022 and the full year, while order visibility has also strengthened...
Thursday 12 May 2022
Lordstown Motors and Foxconn close asset purchase agreement; to form JV for EV development
Lordstown Motors (LMC), a maker of electric light duty trucks focused on the commercial fleet market, has announced that it has closed the sale of its Lordstown facility and signed...
Monday 28 March 2022
MIH outlines EV expansion goals for next 5 years
The MIH Alliance held a partner gathering on March 25 where it invited US-based electric vehicle (EV) startup Fisker, solar EV maker Aptera Motors, electric tractor maker Monarch...
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