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Reuters reported on November 11 that Hon Hai plans to acquire the automobile assembly plant of Lordstown motors, an electric truck startup, in Ohio for $230 million < p > < / P > < p > according to the statements of the two companies, Hon Hai obtained $50 million in common shares directly from Lordstown motors at a price of about $6.9 per share after signing the agreement in September. Thereafter, Hon Hai will pay a down payment of US $100 million before November 18, then US $50 million in February and April respectively, and the last transaction payment before the end of April < p > according to Taiwan's "Central News Agency", Hon Hai Chairman Liu Yangwei pointed out that the agreement has developed Ohio into Hon Hai's most important electric vehicle manufacturing and R & D Hub in North America < p > in addition, both parties also agreed to sign a OEM agreement for Lordstown's endurance electric pickup truck before the delivery date, setting a target to complete the signing before April 30 next year < p > Hon Hai pointed out that the partnership established by the two sides will accelerate the expansion of the production scale of the plant and further give full play to the potential value of Lordstown plant. With 640 acres and 6.2 million square feet of floor space, the Lordstown plant will be transformed into an advanced electric vehicle manufacturing plant

2023-03-22 10:04:46