Debby Wu and Kevin Miller

Business, Technology, Fuel, Autonomous

Foxconn Completes Acquisition of Lordstown Factory

Endurance truck Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News)

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, 2022