# Lordstown Motors and Foxconn announce EV partnership in Ohio

Lordstown Motors and Hon Hai Technology Group (Foxconn) reached an agreement in principle to jointly develop electric vehicle programs at Lordstown Motors' assembly plant in Lordstown, Ohio. Foxconn will also purchase $50 million of Lordstown Motors' common stock.

- Type: Partnership
- Announced: 2021-10-01
- Where: Lordstown, Ohio, United States
- Value: $50.0M
- Status: announced
- Products: electric light duty trucks
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lordstown Motors Corp.](https://endata.com/companies/49086.md) (partner)
- [Hon Hai Technology Group](https://endata.com/companies/50180.md) (partner)

## Sources

- [foxconn.com](https://www.foxconn.com/en-us/press-center/press-releases/latest-news/687), 2021-10-01: "The goal of the partnership is to present both Lordstown Motors and Foxconn with increased market opportunities in scalable electric vehicle production in North America."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.