Foxconn: iPhone maker bets on electric truck company Lordstown Motors
The tech giant is spending up to $170m (£147.8m) in shares in loss-making start-up Lordstown Motors. The big cash injection comes as the company intends to ramp up production of its first model, the Endurance. Lordstown recently began building the vehicle at a former General Motors plant in Ohio. Under terms of the deal, the …
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