Overview

• The Lordstown, Ohio plant was sold to Crescent Dune LLC under a sale-and-leaseback agreement that frees up capital for Foxconn’s core operations.
• Foxconn will remain a tenant at the facility, ensuring uninterrupted EV production and preserving the existing workforce.
• Crescent Dune LLC is described by Foxconn as an existing business partner, underscoring operational continuity.
• Proceeds from the transaction will be reinvested into US-based electric vehicle initiatives to bolster the company’s manufacturing presence.
• The deal aligns with Foxconn’s strategy to optimize its asset portfolio and expand advanced manufacturing investments in the United States.