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Foxconn strikes definitive agreement to buy Lordstown EV factory in Ohio

Ninelu Tu, Taipei; Rodney Chan, DIGITIMES 0

Foxconn to buy Lordstown EV factory. Credit: DIGITIMES

Hon Hai Technology Group (Foxconn) and Lordstown Motors (LMC) have entered into a definitive agreement for the EMS giant to acquire the US electric vehicle (EV) maker's factory in Ohio for US$230 million.

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