Apple`s biggest supplier acquires U.S. EV factory
(iMore iPhone)

The Taiwanese company has acquired a 4% stake in Lordstown Motors. What you need to know Apple`s biggest supplier has just bought an EV factory in the U.S. Foxconn has acquired a stake in Lordstown motors and a facility in Ohio. It could pave the way for a partnership to make Apple Car. Apple`s biggest supplier, Foxconn, has acquired a stake in Lordstown Motors in a deal that includes the purchase of an EV factory in Ohio. As reported by Nikkei Asia: Foxconn has struck a deal to acquire its first electric vehicle manufacturing plant in North America, part of $280 million in deals with U.S. electric vehicle startup Lordstown Motors that also include a share purchase. The Taiwanese tech giant said on Friday morning it will take a roughly 4% stake in Lordstown for around $50 million and also buy the American company`s manufacturing complex in Ohio for $230 million. Foxconn will produce Lordtown`s Endurance full-size pickup truck as part of the facility purchase agreemen...