Lordstown stock rallies after report EV maker is poised to sell factory to Foxconn

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Published: Sept. 30, 2021 astatine 1:18 p.m. ET

Lordstown has warned investors it could tally retired of cash

Lordstown Motors' mill successful Lordstown, Ohio successful October.

AFP via Getty Images

Lordstown Motors Corp. banal jumped connected Thursday aft a quality study said the electrical pickup-truck shaper is successful talks with Taiwan’s Foxconn Technology Group to merchantability its factory.

Lordstown RIDE shares were precocious up much than 7%, poised to extremity astatine their highest since July 22. The banal has gained astir 20% this month, connected way for its champion monthly show since January, erstwhile it roseate 26%.

Bloomberg...

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