Taiwan's Foxconn sells Ohio EV facility to focus more on AI data centers

Sluggish EV demand prompts strategic adjustment at iPhone maker

20250804 Foxconn

An unfinished Lordstown Motors Endurance electric pickup truck is seen on the assembly line at Foxconn's electric vehicle production facility in Lordstown, Ohio, in November 2022. © Reuters

LAULY LI

TAIPEI -- Key Nvidia supplier Foxconn is selling all of its land and its entire facility in Lordstown, Ohio, for approximately $375 million in a major shift of focus from electric vehicles to artificial intelligence as demand for AI infrastructure in the U.S. booms.

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