https://techcrunch.com/2021/11/10/foxconn-buys-lordstown-motors-ohio-factory-for-230m-plans-to-help-produce-endurance-electric-pickup/ > Electric light-duty truck manufacturer Lordstown Motors has officially sold its 6.2-million-square-foot Lordstown, Ohio factory to Foxconn, the Taiwanese hardware manufacturing company best known for making Apple’s iPhone. The $230 million deal is expected to close by the end of April next year, according to a statement from Lordstown. > The terms of the deal are in line with the agreement in principle the two companies entered into on September 30, after which Foxconn promptly bought $50 million in common stock directly from Lordstown at $6.8983 per share. Foxconn is now on the hook for a $100 million down payment by November 18 and subsequent payments of $50 million in both February and April before the final close targeted for April 30, 2022.