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Is Foxconn a Reliable Partner for Struggling EV Company Lordstown Motors?

Rhian Hunt, The Motley Fool
·5-min read
Is Foxconn a Reliable Partner for Struggling EV Company Lordstown Motors?

Now that struggling electric vehicle manufacturer Lordstown Motors (NASDAQ: RIDE) has sold most of its Lordstown factory in Ohio to Taiwanese electronics manufacturer Foxconn (OTC: FXCNF), the question arises whether Foxconn is a viable partner for the EV maker's strategy. Foxconn, after all, previously planned a $10 billion facility in Mount Pleasant, Wisconsin, in 2018. Investors may be wondering if the same thing will happen with the Lordstown Complex plant, but there are at least some indications the outcome will be more positive here.

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