Taiwan’s Foxconn would pay Lordstown Motors Corp. $230 million to purchase the massive 6.2 million-square-foot assembly complex it acquired from General Motors if LMC agrees to make Foxconn the contract manufacturer of its electric pickup truck.
The nonbinding agreement was announced late Thursday. A definitive agreement is expected by Oct. 31, according to The Wall Street Journal. It would allow LMC to keep certain components and intellectual property while the companies work together on the...
https://www.freightwaves.com/news/lordstown-motors-may-sell-its-plant-to-taiwans-foxconn-for-230m