Foxconn Sells Lordstown Plant, Expands U.S. Focus

Foxconn has sold its Lordstown, Ohio plant to Crescent Dune LLC for $88 million and also sold associated machinery and equipment for $287 million, resulting in total proceeds of $375 million. Despite the sale, Foxconn will continue to occupy and operate the facility, maintaining its commitment to U.S. manufacturing and electric vehicle production. The transaction reflects Foxconn’s move toward asset optimization, supporting reinvestment in U.S. initiatives such as data centers, AI, and cloud networking products. The Lordstown site, originally acquired from Lordstown Motors in 2022, is expected to support a wider range of advanced manufacturing activities. Foxconn has also formed a strategic partnership with TECO Electric & Machinery to expand into digital health, robotics, and electric vehicles. These changes underscore Foxconn’s shift to an asset-light model while broadening its U.S. innovation and partnership opportunities.