• 11/25/2024

Hon Hai says Lordstown talks ongoing despite contract breach

Taipei, May 2 (CNA) Taiwan-based manufacturing giant Hon Hai Precision Industry Co. said Tuesday it was continuing negotiations with Lordstown Motor Corp. despite the U.S. electric pickup truck maker breaching an investment agreement struck last November in which Hon Hai would take an almost 20 percent stake in the automaker.

https://focustaiwan.tw/business/202305020013