Lordstown Motors Corp. agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co. Ltd., operating as Foxconn, Bloomberg reports.
The struggling EV startup needs to repay Foxconn if the deal does not close by May 14.
The Lordstown Motors factory where GM once operated, in Lordstown, Ohio on Oct. 16, 2020. Megan Jelinger/AFP via Getty Images
|Updated:
Benzinga
Author
Author’s Selected Articles
