Hon Hai Precision Industry (Foxconn) announced on August 4, 2025, that its subsidiaries will dispose of assets at the Lordstown, Ohio facility, as part of a strategic shift in its US operations. The disposal, involving land, factory buildings, and machinery through subsidiaries Foxconn EV Property Development, Foxconn EV Asset Management, and Foxconn EV System, totals US$375 million, with expected gains exceeding US$170 million.