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Chinese Foxconn buying Lordstown Auto

October 2, 2021
Source: autobison.com autobison.com
News Snapshot:
[Smaller Companies] , [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...
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China Tech Buzz Topics: Apple | auto | car | Chinese | electric car | finance | financial | Foxconn | Gadgets & Electronics | IT | plant | production | startup | United States

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