Lordstown Motors Signs Purchase Agreement with Foxconn

LORDSTOWN, Ohio – Electric-vehicle manufacturer Lordstown Motors Corp. announced late Wednesday that it has signed a definitive asset purchase agreement with Hon Hai Technology Group, better known as Foxconn, regarding Lordstown’s manufacturing complex. As previously disclosed Sept. 30, Lordstown Motors entered into an agreement in principle with Foxconn to work jointly on Lordstown Motors’ electric vehicle programs at the automaker’s manufacturing plant here.  As a sign of co

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Published by The Business Journal, Youngstown, Ohio.