Foxconn acquires Lordstown plant in the US for EV manufacturing

Hon Hai Technology Group (Foxconn), the world’s largest technology manufacturer and service provider, and Lordstown Motors Corp. (“Lordstown Motors” or “LMC”), an OEM of electric light-duty trucks focused on the commercial fleet market, have announced recently the signing of a contract manufacturing agreement and a joint venture agreement for product development. As previously disclosed on […]