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Foxconn to become biggest shareholder in Lordstown Motors with up to $170 million investment – EQ Mag Pro

Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the electric vehicle (EV) maker, making the Taiwanese contract manufacturer its biggest shareholder with a near 20% stake. Foxconn Ventures Pte Ltd will purchase 12.9 million shares on or after Nov. 22 and an additional 26 […]

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