Lordstown receives letter from Foxconn alleging agreement breach

Nu Ride

01/05/2023 14:25

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)
 ((tiyashi.datta@thomsonreuters.com;))