Lordstown Motors files for bankruptcy, files litigation against Foxconn

Financial results

Lordstown alleges that Foxconn failed to invest up to $170 million as part of the agreement the two companies had signed in 2022

Ohio-based electric-vehicle maker Lordstown Motors Corp. has filed for bankruptcy and said that it would put all assets up for sale amid an ongoing dispute with Taiwan-based electronics company Foxconn in the US, the company announced June 27.

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