- Companies
- Lordstown Motors Corp
- Foxconn Technology Co Ltd
May 1 (Reuters) – Lordstown Motors Corp (RIDE.O) said on Monday that Taiwan's Foxconn (2354.TW) had alleged that the electric-vehicle startup was in breach of their investment agreement following a Nasdaq delisting notice.
The U.S. company said it was in talks with Foxconn to seek a resolution.
Reporting by Tiyashi Datta in Bengaluru; Editing by Anil D'Silva
Keyword: Lordstown receives letter from Foxconn alleging agreement breach