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Lordstown Motors left with $220 million as it struggles with manufacturing

Lordstown Motors has revealed it has $220 million in cash as it looks to resume production after production was paused in February. The company, founded...
Foxconn, electric pickup

Foxconn unveils new EV crossover and pickup concepts

Taiwanese manufacturing giant Foxconn has unveiled a new electric pickup truck and a new electric crossover, both of which are expected to make it...

Foxconn to build Fisker PEAR EV at Lordstown Motors plant

Shortly after Foxconn Technology Group (also known as Hon Hai Precision Industry Co.) finalized its purchase of Lordstown Motor Co.’s manufacturing facility in Ohio...
Lordstown Motors

Lordstown Motors closes critical deal with Foxconn

Lordstown Motors Corp. announced on Wednesday that it has finally closed its deal with Taiwan-based Foxconn, which will provide the company with much-needed capital that...
EV tax credits, credit

Three major innovations and investments in electrification

Almost daily, the news has major announcements that center around electrifying the worldwide fleet, pivoting away from fossil-fueled vehicles and toward more efficient and...