Foxconn and Lordstown Motors Enter Into a Transformative, Strategic Partnership
November 10, 2021
New York – Paul Hastings LLP, a leading global law firm, represented Hon Hai Technology Group (“Foxconn”), one of the largest electronics manufacturers in the world, in connection with its entry into a definitive Asset Purchase Agreement to purchase from Lordstown Motors Corp. its Lordstown, Ohio facility for $230 million.
The Lordstown facility was one of the largest internal combustion engine automotive plants in North America and is now being converted into a state-of-the-art EV manufacturing facility.
Representing Foxconn, M&A partner Mike Huang, led the team, which also included associates Tianzi Wu, Celina Hong, and Anna Hardcastle. The team was supported by partners Scott Flicker, Michael Haun, Bradley Ritter, Eric Keller, Todd Schneider, and Thomas Mounteer, of counsel Michael Wise, and associates Randall Johnston, Kami LaBerge, Justin Orr, and Orrin Neitzke on Regulatory, Tax, Real Estate, Environmental, and Antitrust issues.
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