Tag: foxconn
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Lordstown Motors jumps as the struggling EV maker is reportedly nearing a deal to sell Ohio factory to Foxconn
Lordstown Motors. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images Lordstown Motors is planning to sell its Ohio factory to Foxconn, Bloomberg reported. The companies would work in parallel at the plant, according to the report. The deal could be announced as soon as this week. See more stories on Insider's business page. Lordstown…
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China’s Tesla wannabe Xpeng starts ride-hailing service
There’re a lot of synergies between electric vehicles and ride-hailing. Drivers have the ability to save more steering an EV compared to a gas vehicle. Conscious consumers will opt to hire an electric car. And EVs are designed with compatibility with driving, which is expected to hit on the road in the coming decades. Really,…