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iPhone Maker Foxconn Buys a Big Stake in EV Start-up

Por: MarketWatch Business November 08, 2022

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Lordstown ended the second quarter with roughly $203 million on its balance sheet. The company said back in August that it needed than that to build and deliver its initial production of 500 pickup trucks. Foxconn’s cash should go a long way to making sure those trucks are built. The investment will come in the form of $70 million in common stock and $100 million in preferred stock. After the deal, Foxconn will have about 18% of all of the... + full article



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