Taiwan’s Foxconn has deal to buy former GM plant in Ohio

Published September 30, 2021 6:50 PM

By JOHN SEEWER
Associated Press

Foxconn Technology Group has struck a deal to buy a massive auto assembly plant in Ohio from a startup electric truck maker. The agreement announced Thursday gives the world’s largest electronics maker an entry into the growing electric vehicle market. Foxconn is best known for making Apple iPhones but has been exploring moves to get into electric vehicle manufacturing. Under the nonbinding agreement with Lordstown Motors, Foxconn would take over a sprawling manufacturing plant near Youngstown that until 2019 was operated by General Motors.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.