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Lordstown Motors Corp (NASDAQ: RIDE) is trading higher in Wednesday’s after-hours session after the company, and Foxconn, announced they have entered into a definitive Asset Purchase Agreement regarding Lordstown Motors’ facility in Lordstown, Ohio. Lordstown Motors has agreed to sell to Foxconn the Lordstown facility, excluding certain assets such as the hub motor assembly line and battery module and pack lines, for $230 million.
...read full article on Benzinga
