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Foxconn sells Lordstown plant for $375 million to focus on data center infrastructure
Monday, August 4, 2025 at 01:54 PM
Foxconn has finalized the sale of its Lordstown manufacturing facility for $375 million. This transaction marks a strategic reallocation of capital as the company shifts its infrastructure focus away from electric vehicle assembly and toward expanding its data center manufacturing capacity to support AI and high-performance computing demand.
Context
On August 4, 2025, Foxconn (Hon Hai Precision Industry) announced the sale of its former electric vehicle plant in Lordstown, Ohio, to an undisclosed business partner for $375 million. The transaction includes the site’s land and manufacturing machinery, marking a definitive exit from the facility's original purpose as an EV production hub. Foxconn originally acquired the 6.2 million-square-foot site from the now-bankrupt Lordstown Motors in 2022 for $230 million, but is now pivoting the massive infrastructure to support the booming artificial intelligence sector.
While the property has changed hands, Foxconn plans to remain on-site to convert the facility into a high-capacity production center for AI data center infrastructure. This pivot aligns with the company’s broader strategy to scale its cloud and networking business, which already includes assembling Nvidia GB300 AI servers. The Lordstown site is approximately six times larger than Foxconn’s dedicated AI server plant in Houston, positioning it as a critical node in the global semiconductor and AI hardware supply chain as the company targets a $1.4 billion total investment in supercomputing clusters through 2026.
Sources (10)
Form 8-K for Lordstown Motors Corp filed 08/03/2022Transition and Consulting Agreement, dated July 11, 2022, between ...Foxconn agrees $375 million Lordstown plant sale to pivot towards data centers | ReutersFoxconn disposes of Lordstown assets amid US strategy shiftTaiwan’s Foxconn To Invest Up To $1.4 Billion In AI Data Center EquipmentHon Hai Precision Industry sells Ohio EV factory for $375 million By Investing.comFoxconn sells Lordstown plant for $375M to 'existing business partner' | wkyc.comHon Hai Technology Group (Foxconn) Collaborates with ...
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