Foxconn to acquire first US EV factory in deal with Lordstown Motors

By news@appleinsider.com (Mike Peterson) Foxconn has inked a deal to acquire an electric vehicle manufacturing factory in North America as part of a broader collaboration with U.S. EV startup Lordstown Motors.Credit: Lordstown MotorsThe Apple supplier announced that it purchase Lordstown’s manufacturing plant in Ohio for $230 million, and would take a 4% take in Lordstown for about $50 million. As part of the agreement, Foxconn will produce the Lordstown Endurance electric pickup truck, Nikkei …

Source:: Apple Insider