Lordstown Motors Corp. - Ordinary Shares - Class A

NASDAQ:RIDE   3:59:56 PM EDT
1.84
+0.02 (+1.10%)
Strategic Combinations, Other Pre-Announcement

Lordstown Motors And Foxconn Enter Into JV Agreement For MIH Based EV Development

Published: 05/11/2022 21:36 GMT
Lordstown Motors Corp. - Ordinary Shares - Class A (RIDE) - Lordstown Motors and Foxconn Close Asset Purchase Agreement and Enter Into Jv Agreement for Mih Based Ev Development.
Lordstown Motors Corp - Foxconn and Lmc to Share Expertise and Resources to Accelerate Ev Adoption.
Lordstown Motors Corp - Creation of $100 Million Joint Venture, Mih Ev Design Llc, to Develop Electric Vehicles for Global Market.
Lordstown Motors Corp - Asset Purchase Agreement Closing Results in Approximately $260 Million in Proceeds to Lmc.
Lordstown Motors Corp - Start of Commercial Production of Endurance is Targeted for Q3 of This Year.
Lordstown Motors Corp - Start of Commercial Production of Endurance is Targeted for Q3 of This Year, With First Commercial Deliveries Expected in Q4.
Lordstown Motors Corp - New Joint Venture Will Be Called Mih Ev Design Llc and Will Be 55% Owned by Foxconn and 45% by Lmc.