# Lordstown Motors sells Lordstown facility to Foxconn for $230M

Lordstown Motors closed the sale of its Lordstown, Ohio vehicle assembly plant to Foxconn for $230 million, plus reimbursement of approximately $27 million in operating and expansion costs. The deal includes a contract manufacturing agreement for the Endurance electric pickup truck.

- Type: Acquisition
- Announced: 2022-05-11
- Where: Lordstown, Ohio, United States
- Value: $230.0M
- Status: completed
- Products: electric pickup trucks
- 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

- [prnewswire.com](https://www.prnewswire.com/news-releases/lordstown-motors-and-foxconn-close-asset-purchase-agreement-and-enter-into-jv-agreement-for-mih-based-ev-development-301545515.html), 2022-05-11: "Lordstown Motors Corp. today announced that it has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group."

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