Tesla Rival Says it Will Build $30K Electric SUV in Ohio

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The Street

By Veronika Bondarenko Now that a star-crossed deal has closed, new plans are being rolled out to compete with the sector’s king. One of the biggest stories in the EV world continues to be if Lordstown Motors (RIDE) – Get Lordstown Motors Corp. Class A Report agreement to sell its Ohio manufacturing to Taiwan-based Foxconn (FXCOF) will go through. The 6.2-million-square-foot manufacturing facility had previously belonged to General Motors (GM) – Get General Motors Company Report. It offers the necessary infrastructure to potentially manufacture hundreds of thousands of cars a year. At one poin…

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