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{"id":5628,"date":"2022-05-12T15:16:51","date_gmt":"2022-05-12T15:16:51","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/05\/12\/ev-company-lordstown-completes-230-million-sale-of-its-ohio-factory-to-foxconn\/"},"modified":"2022-05-12T15:16:52","modified_gmt":"2022-05-12T15:16:52","slug":"ev-company-lordstown-completes-230-million-sale-of-its-ohio-factory-to-foxconn","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/05\/12\/ev-company-lordstown-completes-230-million-sale-of-its-ohio-factory-to-foxconn\/","title":{"rendered":"EV company Lordstown completes $230 million sale of its Ohio factory to Foxconn"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/5\/11\/23067722\/lordstown-ev-factory-sale-foxconn-ohio-deal<\/a>
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Struggling EV company Lordstown completed the sale of its Ohio factory to Foxconn, the Taiwanese company that assembles Apple\u2019s iPhone. The factory, which sold for $230 million, will now become the site of a joint venture between the two companies<\/a>. <\/p>\n

The deal was originally set to close last month<\/a>, but Lordstown kept pushing back the deadline. If the sale wasn\u2019t completed before May 18th, the company would have had to pay back the $200 million that Foxconn put down as a deposit \u2014 an amount that Lordstown has said it does not have. <\/p>\n

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