# Foxconn increases investment in Lordstown Motors by $170M

Foxconn is increasing its investment in Lordstown Motors by $170 million, adding to the $230 million factory purchase and $50 million stock investment. The investment supports the joint venture to produce the Endurance electric pickup truck.

- Type: Investment
- Announced: 2022-11-08
- Where: United States
- Value: $170.0M
- Status: announced
- Products: electric pickup trucks
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [thetruthaboutcars.com](https://www.thetruthaboutcars.com/cars/news-blog/foxconn-increases-lordstown-investment-44497394), 2022-11-08: "Foxconn is upping its investment by $170 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.