Lordstown Motors to sell Ohio plant to Foxconn for $230m

Ohio-based electric vehicle startup Lordstown Motors agreed on Thursday to partner Hon Hai Technology Group (Foxconn) to work jointly on Lordstown Motors’ electric vehicle programs in Lordstown Motors’ former General Motors factory in Ohio. The parties on the same date have entered into a subscription agreement, under which Foxconn will purchase approximately $50 million of Lordstown […]