US EV startup Lordstown files for bankruptcy
NEW YORK: Lordstown Motors, an electric vehicle startup based in the US state of Ohio, said Tuesday it has filed for bankruptcy protection and is suing Foxconn after a protracted dispute with the Taiwanese electronics giant. Specializing in light-duty all-electric pickups, Lordstown said it had filed litigation against Foxconn for “fraud and willful and consistent failure to live up to its commercial and financial commitments to the Company.