Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development
Green Car Congress
MAY 12, 2022
As previously disclosed, on 10 November 2021, Lordstown Motors and Foxconn entered into an Asset Purchase Agreement (APA) providing for the sale of LMC’s Lordstown, Ohio vehicle assembly plant to Foxconn for $230 million plus the reimbursement of certain operating and expansion costs from 1 September 2021 to the closing date.
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