Foxconn Buys Lordstown Motors' Old GM Factory for $230 Million - NewsBreak

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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...

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