ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

Foxconn secures first EV plant in U.S. with Lordstown deal

Apple supplier accelerates plans to begin manufacturing cars in America

A beta version of Lordstown Motors' Endurance electric pickup. Foxconn will produce the electric truck as part of a facility purchase agreement with the American startup.   © Reuters

TAIPEI -- Foxconn has struck a deal to acquire its first electric vehicle manufacturing plant in North America, part of $280 million in deals with U.S. electric vehicle startup Lordstown Motors that also include a share purchase.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more