Apple Supplier Foxconn Agrees to Buy Ohio Car Factory for $230 Million

Apple supplier Foxconn has agreed to buy a former General Motors factory in Ohio, a move that potentially puts it in a better position to assemble cars for Apple, should the tech giant choose to formally enter the automotive sector in the future (via Bloomberg).

bloomberg lordstown

Image credit: Dustin Franz/Bloomberg

The purchase is part of a $280 million deal Foxconn has agreed with embattled automaker Lordstown Motors, which will sell the factory to the Taiwanese company for $230 million after buying it from GM for just $20 million two years ago.

Under the terms of the deal, Foxconn will also buy $50 million worth of common stock in Lordstown Motors and will assemble the automaker's Endurance electric pickup truck. Foxconn plans to start mass producing the vehicle in April, according to Bloomberg's sources.

Foxconn said in August that it plans to begin construction of all-electric vehicle plants in the United States and Thailand this year, with the aim of being operational by 2023.

The Lordstown deal is one of Foxconn's biggest vehicle-related investments it has made over the past two years. Foxconn has yet to commercially release any vehicle following the debut of its EV platform last year, but its purchase of the Ohio plant means it won't have to build capacity from scratch, which could help the iPhone manufacturer in any attempt to court Apple's business if it enters the market, although that isn't expected for at least several years.

Apple is widely reported to be working on its own vehicle and is thought to be exploring the potential for third-party companies to help it launch the Apple Car. One report vaguely referenced Foxconn as a potential candidate for the ‌Apple Car‌'s production, but Apple is also looking at other possible suppliers.

Apple reportedly wants to ensure that the battery used in the ‌Apple Car‌ is produced in the United States, and that sentiment could extend to other auto parts, which could work in Foxconn's favor if it's able to demonstrate proof to Apple of vehicle manufacturing expertise.

Popular Stories

2024 iPhone Boxes Feature

Apple Adjusts Trade-In Values for iPhones, iPads, Macs, and More

Thursday November 6, 2025 11:12 am PST by
Apple today updated its trade-in values for select iPhone, iPad, Mac, and Apple Watch models. Trade-ins can be completed on Apple's website, or at an Apple Store. The charts below provide an overview of Apple's current and previous trade-in values in the U.S., according to its website. Maximum values for most devices either decreased or saw no change, but the iPad Air received a slight bump. ...
Liquid Glass General Feature

Apple Shares Liquid Glass Design Gallery

Thursday November 6, 2025 2:45 pm PST by
Apple is promoting the new Liquid Glass design in iOS 26, showing off the ways that third-party developers are embracing the aesthetic in their apps. On its developer website, Apple is featuring a visual gallery that demonstrates how "teams of all sizes" are creating Liquid Glass experiences. The gallery features examples of Liquid Glass in apps for iPhone, iPad, Apple Watch, and Mac. Apple...
airtag purple

Apple's Website Lists AirTag 4-Pack at Shockingly Low Price [Updated]

Friday November 7, 2025 6:40 am PST by
Apple's online store in the U.S. is suddenly offering a pack of four AirTags for just $29, which is the same price as a single AirTag. This is likely a pricing error, and it is unclear if orders will be fulfilled. Apple has not discounted the AirTag four-pack in any other countries that we checked. Delivery estimates are already pushing into late November to early December, suggesting...
Early Black Friday Deals 1

The Best Early Black Friday Apple Deals on AirPods, Apple Watch, iPad, and More

Saturday November 8, 2025 6:16 am PST by
We're officially in the month of Black Friday, which will take place on Friday, November 28 in 2025. As always, this will be the best time of the year to shop for great deals, including popular Apple products like AirPods, iPad, Apple Watch, and more. In this article, the majority of the discounts will be found on Amazon. Note: MacRumors is an affiliate partner with some of these vendors. When ...
iOS 26

iOS 26.1 Available Now With These 8 New Features

Monday November 3, 2025 5:54 am PST by
Following more than a month of beta testing, Apple released iOS 26.1 on Monday, November 3. The update includes a handful of new features and changes, including the ability to adjust the look of Liquid Glass and more. Below, we outline iOS 26.1's key new features. Liquid Glass Toggle iOS 26.1 lets you choose your preferred look for Liquid Glass. In the Settings app, under Display...
ikea smart home devices

IKEA Debuts 21 HomeKit-Compatible Smart Bulbs, Sensors, and Controls

Thursday November 6, 2025 4:08 pm PST by
IKEA today announced the upcoming launch of 21 new Matter-compatible smart home products that will be able to interface with HomeKit and the Apple Home app. There are sensors, lights, and control options, all of which will be reasonably priced. Some of the products are new, while some are updates to existing lines that IKEA previously offered. There are a series of new smart bulbs that are...
Apple fitness plus feature

Future of Apple Fitness+ 'Under Review'

Sunday November 9, 2025 5:30 am PST by
The future of Apple Fitness+ is "under review" amid a reorganization of the service, according to Bloomberg's Mark Gurman. In the latest edition of his "Power On" newsletter, Gurman said that Apple Fitness+ remains one of the company's "weakest digital offerings." The service apparently suffers from high churn and little revenue. Nevertheless, Fitness+ has a small, loyal fanbase that...
maxresdefault

In-Depth iPhone Battery Experiment Pits Slow Charging Against Fast Charging

Friday November 7, 2025 1:19 pm PST by
HTX Studio this week shared the results from a six-month battery test that compared how fast charging and slow charging can affect battery life over time. Using six iPhone 12 models, the channel set up a system to drain the batteries from five percent and charge them to 100 percent over and over again. Three were fast charged, and three were slow charged. Another set of iPhones underwent...
apple watch se 3 always on

Apple to Remove iPhone-Apple Watch Wi-Fi Sync in EU With iOS 26.2

Thursday November 6, 2025 4:37 am PST by
Apple in iOS 26.2 will disable automatic Wi-Fi network syncing between iPhone and Apple Watch in the European Union to comply with the bloc's regulations, suggests a new report. Normally, when an iPhone connects to a new Wi-Fi network, it automatically shares the network credentials with the paired Apple Watch. This allows the watch to connect to the same network independently – for...

Top Rated Comments

tonywalker23 Avatar
54 months ago
If current software indicates how stable this car will be, will it be called “buggy”?
Score: 11 Votes (Like | Disagree)
aristobrat Avatar
54 months ago

Didn't Foxconn grift Michigan out of a pile of cash promising to make flat screen TV's and leave town in the dark of night like a monorail salesman from "The Simpsons"?
Wasn't that Wisconsin ('https://en.wikipedia.org/wiki/Foxconn_in_Wisconsin')?
Score: 8 Votes (Like | Disagree)
Flight Plan Avatar
54 months ago
Foxconn is in for a huge awakening. Northern Ohio hasn't built anything outside of a labor union since about 1735, right? Okay, I'm being facetious, but only a little.

Because the Lordstown workers are all members of the UAW local? They don't call that part of the country "the rust belt" just because they salt the roads when it snows!

I don't think Foxconn knows what a union is. Just wait until the first one comes off the line with a wrinkle in the paint or an improperly connected air bag. If the union has any urge to strike (and they often do), that car will get sold as is, right along with any that may be proven to have exploding batteries or wheels with faulty bearings, boots, or bolts.

Nobody will fix it because the union will have rules against that. Yeah, I said it; deal with it.

I know how this goes. My family and I owned and drove GM cars for decades. We kept the faith far far longer than General Motors had the right to expect. Some of us even worked for a local.

We were not in the UAW, but it's all the same; the worst performers learn how to game the system and avoid doing real work, while the people with a conscience are berated and even penalized for doing the right thing. Pick up a piece of paper so that my co-workers won't slip and fall on the greasy plant floor? No, you can't do that, there's somebody who's job is to do ONLY that thing all day. Pick up paper. Okay, but where is he? Oh, he's smoking pot in the locker room.

Finally, I had had enough of breakdowns and expensive, poorly made parts from the RenCen (GM's headquarters in downtown Detroit).

So I made my own flight plan and got out of the unions, moved away from the rust belt, and s sold off my last lemon General Motors product. I haven't driven anything from GM or Chrysler since. Everybody else (and I do mean everybody) was making a better, more reliable vehicle. Even Subaru and VW! And after a bailout (instead of a bankruptcy, which would have been the right thing to do), GM still wasn't making good products, so I haven't been back.

No, I don't lay ALL of this at the feet of the unions. But it's a big piece of it. A huge piece of it even, and Foxconn probably has no idea what they're getting themselves into.

But I could be wrong, and maybe Foxconn will bring the bigger hammer. In that case, then maybe the unions will be in for a huge awakening and we'll see some real change in quality coming from the automotive industry.

Either way, this should be fun to watch, so I plan to pop some popcorn for this show. The unfortunate side-effect of course, is that anything Foxconn makes or assembles, whether for Apple or anybody else, will probably just become even more expensive. We'll have to see how this all susses out.
Score: 4 Votes (Like | Disagree)
Sweetfeld28 Avatar
54 months ago
Very sad to see that plant mostly sitting idle when I drive by occasionally for work... glad it was bought by a company that hopefully will make use of all that property.
Score: 4 Votes (Like | Disagree)
IIGS User Avatar
54 months ago
Didn't Foxconn grift Michigan out of a pile of cash promising to make flat screen TV's and leave town in the dark of night like a monorail salesman from "The Simpsons"?

Side note. The days of cheap manufacturing in China are coming to a close. Energy supply issues. You know when it hits CNN and CNBC it was happening in China 6 months ago, so maybe the US will be a more viable place to complete assembly, IDK.
Score: 4 Votes (Like | Disagree)
IllinoisCorn Avatar
54 months ago
Important for that town.
Score: 3 Votes (Like | Disagree)