Foxconn sells the former GM factory for mystery buyer after failing to make EVS

Foxconn has sold the former General Motors factory, which it owned for three years after its failure to determine which production of electric vehicles with a large meaning there.

The Foxconn is the second main failure in providing promises to help revive American manufacturing. IPhone manufacturer promised to build a LCD giant factory in Wisconsin-the Donald Trump project The eighth world is called “The Eighth World” during its first term – And he finished weakness Extremism.

Foxconn says Jupiter is a “current business partner” called “Crescent Dune LLC”, an entity created in Delaware only 12 days ago, according to the records provided to the state. Matt Diane, Foxconn spokesman, refused to say more about the buyer.

Foxconn sold the factory and the land for about $ 88 million, machines and equipment from subsidiary EV for about 287 million dollars, according to Taiwan Securities exchange files.

A representative of Foxconn said Car news The company will remain “participating in the manufacture of products for customers in the Lardstown facility” and claimed that it is “committed to customers and suppliers” in the automotive industry. But Wall Street magazine I mentioned Monday Foxconn is now planning to build artificial intelligence servers in the factory. Dyin did not immediately respond to a request to comment on the report.

Foxconn announced the deal to buy the previous GM factory in 2021 for $ 230 million, when it was still owned by EV Startup Lordstown Motors. At that time, the president of Foxconn Young Liu said that it will be “the most important manufacture of electric vehicles and the research and development center in North America.”

While Foxconn was developing its EVS in Asia, it also focused on the manufacture of contracts in the United States. In a short time, three companies in Foxconn are hoping that the factory will be bankrupt.

Foxconn has already built some EVS in the factory for the Lordstown Motors engines that are now over. But the Taiwanese electronics giant ended in a bitter battle with the turbulent EV start. Lurdston Motors applied bankruptcy in June 2023, accused Foxconn – who became an investor in startup – “her hunger of money”, and said that she was “harmful and badly badly destroyed.”

Foxconn also took an emerging company at a small EV company called Indeav, claiming that it will build electrical SUVs at the Ohio factory. He presented a bankruptcy in October 2023 With less than $ 3 million in the bank. Foxconn was supposed to be Building EVS for Fisker Inc also. Fisker I applied for bankruptcy in June 2024.

Fourth company, Monark Jarrar, has He did not have a lot of influenceWith Foxconn, no more than a few hundred electric tractors. Monarch CEO, Praven Penmesta, did not respond to an e -mail request to comment on whether its tractors will continue to build Ohio.