Foxconn Buys Lordstown Motors' Old GM Factory for $230 Million - NewsBreak
By Olachi in Business
Updated 2 years ago
Foxconn plans to sign a contract by the end of of April 2022 to assemble Lordstown Motors' first product, an all-electric pickup truck called the Endurance. The cash-strapped electric vehicle start-up gets much-needed capital, while Foxconn gets a jump start on producing fully electric trucks. Shares of Lordstown rose...