# 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.

- Type: Acquisition
- Announced: 2021-11-10
- Where: Lordstown, Ohio, United States
- Value: $230.0M
- Status: announced
- Products: electric light-duty trucks, Endurance pickup truck
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Foxconn](https://endata.com/companies/15170.md) (acquirer)
- [Lordstown Motors Corp.](https://endata.com/companies/49086.md) (target)

## Sources

- [investor.lordstownmotors.com](https://investor.lordstownmotors.com/news-releases/news-release-details/foxconn-and-lordstown-motors-enter-transformative-strategic/), 2021-11-10: "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."

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