Overview

• Foxconn sold its Lordstown, Ohio plant for $88 million, marking a sharp write-down from its $230 million acquisition in 2022.
• As part of a sale-leaseback deal, the company will remain on-site as a tenant and continue manufacturing operations without interruption.
• The facility was bought by Crescent Dune LLC, a Delaware-incorporated firm formed just days before the transaction and described by Foxconn as an existing business partner.
• Sale proceeds will be redirected into U.S. manufacturing ventures to strengthen Foxconn’s long-term industrial presence in America.
• Following bankruptcies of Lordstown Motors, IndiEV and Fisker, Foxconn plans to convert the site to produce AI servers instead of electric vehicles.