FILE PHOTO: A woman carrying an umbrella walks past the logo of Foxconn outside a company's building in Taipei, Taiwan October 31, 2022. REUTERS/Carlos Garcia Rawlins/File Photo
(Corrects paragraph 2 to say Foxconn's expected ownership of Lordstown at completion will be 18.3% and not 19.3%)
(Reuters) - Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the electric vehicle (EV) maker, making the Taiwanese contract manufacturer its biggest shareholder with a near 20% stake.
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