Foxconn has inked a deal to acquire an electric vehicle manufacturing factory in North America as part of a broader collaboration with U.S. EV startup Lordstown Motors.Credit: Lordstown MotorsThe Apple supplier announced that it purchase Lordstown’s manufacturing plant in Ohio for $230 million, and would take a 4% take in Lordstown for about $50 million. As part of the agreement, Foxconn will produce the Lordstown Endurance electric pickup truck, Nikkei reported Friday. Read more…
Go to Source
Author:
