Shares of Lordstown Motors Corp. rallied more than 20% in the extended session Wednesday after the electric-vehicle maker cemented a deal to sell its plant to Foxconn for $230 million, providing Lordstown with much needed cash and giving the Taiwanese electronics contract maker a toehold in commercial EVs.
Shares of Lordstown Motors Corp. rallied more than 20% in the extended session Wednesday after the electric-vehicle maker cemented a deal to sell its plant to Foxconn for $230 million, providing Lordstown with much needed cash and giving the Taiwanese electronics contract maker a toehold in commercial EVs.