Struggling EV startup Lordstown Motors is nearing a sale of its Ohio factory to Taiwanese iPhone assembler Foxconn, which has its own electric vehicle ambitions, Bloomberg reports. Lordstown Motors bought the 6.2 million square foot facility from General Motors in 2019 shortly after the Detroit automaker closed it down — a decision that drew the ire of then-president Trump. Since buying it, Lordstown Motors has put about $240 million worth of work into getting the factory ready to build its electric pickup truck, the Endurance. A spokesperson for Lordstown Motors declined to comment. Lordstown Motors’ CEO was forced out earlier this year after he was caught lying about the veracity of the preorders for its truck.

Source: The Nation September 30, 2021 16:18 UTC