Lordstown sells its Ohio factory to Foxconn in hope that it will help build its electric pickup truck
October 2, 2021
Lordstown announced that it has agreed to sell its Ohio factory to Chinese manufacturing giant Foxconn in the hope that it can help the startup build its electric pickup truck.
The company was founded out of a deal to take over GM’s Lordstown factory for $20 million just a few years ago, and it plans to bring an electric pickup truck, the Lordstown Endurance, to production this year.
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