Briefing
startups electric vehicles

Lordstown Motors Files for Bankruptcy

By
Martin Peers
· · Source: The Information

Lordstown Motors filed for Chapter 11 bankruptcy and simultaneously sued Foxconn over the Chinese manufacturer’s failure to complete an investment agreement made late last year. Lordstown, one of about a dozen electric vehicle startups to go public in the past three years, will look for a buyer of its assets. The bankruptcy filing caps a series of struggles that has enmeshed Lordstown. It...

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