Partners include NVIDIA, Uber and Foxconn. Initial operations planned for the U.S. Stellantis announced yesterday a partnership with NVIDIA, Uber Technologies Inc. and Foxconn to develop and deploy Level 4 autonomous vehicles for robotaxi services, with production targeted to begin in 2028. Uber plans to deploy 5,000 Stellantis autonomous vehicles in select cities worldwide, with […]
Lordstown Motors Files For Bankruptcy, Sues Partner Foxconn
Files lawsuit against Foxconn that alleges fraud and repeated contractual breaches. Electric vehicle (EV) startup Lordstown Motors Corp. (NASDAQ:RIDE), and it was filing for chapter 11 bankruptcy protection to begin a strategic restructuring process and a lawsuit again its strategic partner the iPhone manufacturer Foxconn. The company is seeking a buyer for its Endurance all-electric […]
iPhone Manufacturer Foxconn Broadens Lordstown Motors Strategic Partnership with $170 Million Investment
Announce plans to pursue first joint EV program. Lordstown Motors Corp. (LMC) (NASDAQ: RIDE), the commercial electric vehicle (EV) manufacturer, and Foxconn Ventures Pte. Ltd., an affiliate of global technology company Hon Hai Technology Group that manufacturers iPhones for Apple, announced Foxconn agreed to make additional equity investments in LMC in the form of $70 […]