Foxconn invests another $170M into EV SPAC Lordstown Motors

Taiwanese manufacturer Foxconn is increasing its investment in EV startup Lordstown Motors by buying $170 million in common stock and newly created preferred shares. Once the deal is complete, Foxconn will hold all of Lordstown’s outstanding preferred stock and 18.3% of its common stock on a pro-forma basis. Foxconn will also have the right to […] Foxconn invests another $170M into EV SPAC Lordstown Motors by Kirsten Korosec originally published on TechCrunch...