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Foxconn to buy Lordstown Motors' EV assembly plant in Ohio

Yusin Hu, DIGITIMES, Taipei Friday 1 October 2021 0

Credit: DIGITIMES

Hon Hai Technology Group (Foxconn) has disclosed plans to acquire from US electric vehicle (EV) maker Lordstown Motors an assembly plant in Ohio for US$230 million and invest US$50 million in the carmaker's equities.

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