Lordstown entered the automotive space with a lot of promises but has so far failed to live up to them. The EV startup purchased the site from General Motors but will now transfer ownership to Hon Hai Technology Group. In addition, Lordstown’s 400 manufacturing employees will be transferred to Foxconn and the iPhone manufacturer will also take on the responsibility of manufacturing the all-electric Endurance pickup truck.
“We have about 250 engineers, product development people mostly in Farmington Hills [Mich.] and Irvine [Calif.]. We have purchasing, quality, everything but manufacturing,” Ninivaggi added. Foxconn’s ownership of the Ohio plant will also allow it to produce the affordable ‘PEAR’ electric vehicle currently being developed by Fisker.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lordstown Says It Needs An Extra $150 Million To Start Endurance Production | CarscoopsLordstown Says It Needs An Extra $150 Million To Start Endurance Production | Carscoops carscoops
Source: Carscoop - 🏆 306. / 63 Read more »