Sunday, March 26, 2023
News Foxconn Buys the Lordstown Assembly Plant

Foxconn Buys the Lordstown Assembly Plant

Foxconn reignites the Lordstown plant with big investments, jobs, and big plans for future EV production in the US

  • Manufacturing should start in late 2023.

  • This facility belonged to Lordstown, an EV truck start-up company.

  • Foxconn will build the Lordstown Endurance pickup as well as future Fisker vehicles.

Foxconn is the world’s largest contract electronics maker. You may have heard of one their best-known products: The Apple iPhone. Foxconn has just confirmed that they have purchased the Lordstown facility for $230 million and this is where the Endurance pickup will be assembled as well as Fisker vehicles.

Lordstown Admits They Have No Binding Orders For The Endurance

This is significant news as the very troubled Lordstown Motors EV company had recently announced that they no longer had funds to actually build the vehicle. Through Foxconn, Lordstown will lease a portion of the plant and finally assemble the truck, according to Reuters.

As for Fisker, they completed a vehicle assembly deal with Foxconn back in May. Through Project Pear, Foxconn will assemble 150,000 vehicles for Fisker from 2024.

Fisker Ocean SUV Production Begins On November 17th, 2022

Henrik Fisker, chairman and CEO of Fisker Inc. said: “We welcome the news from Foxconn, our co-investment partner on Project PEAR, concerning their manufacturing plans for the facility in Ohio. Achieving key program objectives such as time to market, access to a well-developed supplier ecosystem and overall cost targets were all important factors in the decision to locate manufacturing in Ohio. Since signing the agreement with Foxconn earlier this year, we have been working together intensively on all aspects of Project PEAR including design, engineering, supply-chain and manufacturing. Fisker’s commitment to volume manufacturing in the United States takes another important step forward today with the signing of this agreement.”

The transaction will include a $50 million investment in the plant from Foxconn and hire current Lordstown employees.

Trending Now

The Next Porsche Cayenne Will Start Production in Bratislava Sometime After 2025

The new Cayenne will be the fourth model in the brand’s lineup to feature an electric powertrain. Bratislava is where all Cayenne models...

Survey Says 97 Percent of Canadian EV Owners Would Buy Another

CAA conducted largest Canadian EV owner survey Shows range, cold weather worries plummeted after ownership A new study from the Canadian Automobile Association says...

Chevrolet Saying Goodbye to Camaro With 2024 Collector’s Edition

Nine years of sixth-gen Camaro end in January Chevrolet teasing special end of run edition It's time for the Chevrolet Camaro to go away...

The Next Toyota 4Runner Will Get Hybrid Power

It’s expected for the 2025 model year. An all-electric version is a real possibility too. Honestly, our only concern with relation to this bit...

Cupra Boss Says Go-Fast VW Group Brand Looking at North American Sales

Cupra is the fast arm of VW Group value brand Seat Already sells in Europe and Mexico, expanding to Australia soon Volkswagen Group go-fast...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.