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Home News Foxconn buys Lordstown's Ohio EV factory for $280 million, wants to become the Android of electric cars

Foxconn buys Lordstown's Ohio EV factory for $280 million, wants to become the Android of electric cars

Aabhas October 01, 2021 News,

Recently, the Taiwanese company purchased Lordstown Motors Corp.'s electric truck factory in Ohio. The deal is valued at $280 million, and will allow the struggling EV startup to stay afloat, while Foxconn gets to have its first ever EV factory. The latter company will also build Lordstown Motors' electric pickup...