Foxconn hosting electric vehicle delegation tour in Lordstown

LORDSTOWN, Ohio - The Taiwanese company planning to make electric vehicles at the former GM Assembly Plant in Lordstown is working to lure product suppliers from that country to locate here in the Valley.
Foxconn Ohio is hosting a group from an Electric Vehicle Delegation visiting Ohio as it tours the East Assembly Plant on Wednesday.
The tour will be followed by a forum at the Grand Resort in Howland on ways to transform the Valley into an EV manufacturing hub.
Electronic manufacturer Foxconn recently completed an agreement to buy the facility on Hallock Young Road from Lordstown Motors Corporation and to take part in a joint venture for product development with Foxconn affiliates.
Under the agreement, LMC received $230 million as well as the reimbursement of $27 million in operating and expansion costs.
Foxconn and Lordstown Motors also announced a manufacturing supply agreement for the all-electric Endurance pickup truck, commercial production of which is targeted for the third quarter of this year, with the first commercial deliveries expected in the fourth quarter.
Foxconn and LMC also entered into a joint venture agreement to co-develop EV programs using Foxconn’s Mobility-in-Harmony open-source EV platform.
Vehicles developed by MIH EV Design would be built for North America at the Lordstown, Ohio plant, and at other Foxconn contract-manufacturing locations around the world.