Foxconn has sold its electric vehicle factory in Lordstown, Ohio, to pivot towards AI server manufacturing, prompted by a soft North American EV market. The facility was acquired from Lordstown Motors in 2022, and the land will now be repurposed to enhance AI server production capabilities. This decision aligns with Foxconn's broader strategy of increasing its US presence in AI hardware, aided by a recent alliance with TECO Electric & Machinery for global AI datacenter ventures. The future of Foxconn's electric vehicle reference platform remains uncertain following this strategic shift.
Foxconn has sold its US electric vehicle factory in Lordstown, Ohio, to shift production towards AI servers due to a soft North American electric vehicle market.
The company views the expansion into AI manufacturing in the USA as a strategic move to leverage its capabilities in datacenter hardware production.
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