Taiwan's Foxconn, the maker of the Apple iPhone, has finalized the acquisition of Lordstown Motors' plant in Ohio and announced new investment plans.
Hon Hai Technology Group, which trades under the Foxconn name, has paid $230 million to Lordstown Motors for the 6.2 million-square-foot plant and said it is investing $100 million more together with the EV startup to set up a product development venture to create EVs.
