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[Trucks] Chinese Foxconn buying Lordstown Auto

Chinese Foxconn buying Lordstown Auto

The Lordstown auto plant, once owned by General Motors and purchased by startup Lordstown Motors for $20 million, is being purchased by Chinese electronics firm Foxconn, best known for assembling most Apple products.

Foxconn has been expanding in the United States, largely at Apple’s behest, and some see the move as paving the way for Foxconn to make cars for Apple. However, they may simply be buying into the rapidly growing electric car industry; Lordstown Motors has produced a worthy prototype but did not have the financial resources to tool up and produce it. For that reason, not only is the Lordstown Endurance a year behind already, but will make it into production considerably behind the Rivian pickup.

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