EV company Lordstown completes $230 million sale of its Ohio factory to Foxconn

Date Published05/11/2022
Author NameAndrew J. Hawkins
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Manitou Group
Parent companyFoxconn
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):330
Country(ies) from which reshored:China,Taiwan, Province of China
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric pickup truck
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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