Foxconn to acquire Lordstown Motors facility for $230 million

Foxconn and Lordstown Motors entered into a definitive Asset Purchase Agreement for Foxconn to acquire Lordstown Motors' facility in Lordstown, Ohio for $230 million. The parties also agreed to pursue a contract manufacturing agreement for the Endurance pickup truck and a joint venture for global commercial fleet vehicles.

“LMC 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.”investor.lordstownmotors.com

• 1 source
• investor.lordstownmotors.comFoxconn and Lordstown Motors Enter Into a Transformative, Strategic Partnership | Nu Ride Inc.Nov 10, 2021

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