Foxconn
Lordstown Motors heads towards chapter whereas suing its funding associate
Lordstown Motors has sued its funding associate Foxconn and filed for Chapter 11 Chapter, sending the inventory in a downward spiral on Tuesday morning. The transfer to sue Foxconn is probably going the ultimate step that may shut out a partnership between the 2 corporations that was initially established to start Endurance pickup manufacturing and […]
Stellantis companions with Foxconn to develop semiconductors for EVs
Stellantis and Foxconn entered a three way partnership to create SiliconAuto, an organization devoted to designing and promoting state-of-the-art semiconductors, particularly for electrical automobiles. SiliconAuto’s semiconductors are tailor-made for the following technology of automobiles within the automotive trade, specifically electrical automobile platforms. Stellantis and Foxconn plan to provide SiliconAuto chips to the automotive trade by 2026. “Stellantis […]
Lordstown says it plans to maneuver ahead with litigation in opposition to Foxconn
Lordstown Motors has by no means had a clean street forward of it. It has been battling cash points, manufacturing bottlenecks, and different points till it was saved by Foxconn in 2021. Nonetheless, the corporate is now planning to maneuver ahead with litigation in opposition to its lifeline in relation to Foxconn’s allegations of a […]