In a press release from Foxconn and City officials, Lordstown Motors will become a contract manufacturer for electronics manufacturer Foxconn.
Lordstown Motors, located near the heart of Lordstown, Ohio is home to more than 400 auto manufacturing employees, including Foxconn. The City of Lordstown has an active automotive industry and this partnership will promote economic development of the automotive sector by helping companies like Foxconn better meet customer demand.
John Peoples, the Vice President of Administration and Purchasing for Lordstown Motors, said, “Lordstown Motor has focused on employee retention and expansion as the automotive industry continues to change and reinvent itself. Through this initiative with Foxconn, we are able to transform Lordstown Motor into a premier contract manufacturer of advanced integrated microelectronics.”
Foxconn is known as one of the world’s largest manufacturers and employs more than one million people worldwide, with nearly 500,000 in China. The company is currently constructing a $10 billion LCD facility in Mount Pleasant, Ohio, which will be one of the largest LCD manufacturing facilities in the world.
The city of Lordstown has received significant donations and support from the Lordstown and Lordstown Township, as well as State and federal agencies, to construct an automotive development centre, have considerable land and water resources, and develop high-end infrastructure.
The company and City of Lordstown will assist each other by providing financial and human capital to the other. Foxconn will also be able to share its strengths as a company with Lordstown Motor. “Our relationship with Lordstown Motors furthers the commitment Foxconn already has to the Lordstown community,” said Tao Li, President of West Virginia Development.
Foxconn anticipates the Lordstown facility will create 1,000 new jobs by 2025. The company is currently hiring for a variety of manufacturing positions in Hon Hai Precision Industry Co.’s Ypsilanti facility.