Business, Technology, Fuel, Autonomous
Foxconn Completes Acquisition of Lordstown Factory
Taiwan’s Foxconn Technology Group completed a transaction with Lordstown Motors Corp. to acquire the electric truck startup’s Ohio factory for $230 million and take over production of its Endurance pickup truck, a critical step as the iPhone manufacturer seeks to diversify into electric vehicles.
Debby Wu and Kevin Miller | Bloomberg News
May 12, 2022Follow Us
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