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Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →The former General Motors assembly plant in Lordstown, Ohio, sold for a disclosed total of $375 million in August 2025. The first report did not name the buyer; a Hon Hai filing later identified Crescent Dune LLC as the transaction counterparty, and Bloomberg subsequently reported SoftBank Group as the buyer. The available reports do not establish the full relationship between the two names.
Who bought the former Lordstown plant?
The answer became clearer after the initial August 4, 2025 report. That report said Foxconn had sold the plant to an unnamed “existing business partner.” Hon Hai Precision Industry Co., Foxconn’s parent, named Crescent Dune LLC as the counterparty in its August 4 disclosure. On August 8, Bloomberg reported that SoftBank Group Corp. was the buyer, citing people familiar with the matter. The available sources do not explain the legal relationship between Crescent Dune LLC and SoftBank, so they should not be treated as interchangeable names.
198 Automobile News’ August 4 report credited Reuters for the initial sale account. Hon Hai’s August 4 disclosure, reproduced by TradingView/Refinitiv, supplies the named transaction counterparty and itemized amounts. Bloomberg’s August 8 report identified SoftBank as buyer.
How much did the sale cost?
The disclosed transactions add up to $375 million. Hon Hai’s filing separated the real property from two machinery-and-equipment transactions:
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| Transaction | Disclosed amount | Counterparty or entity named in filing |
|---|---|---|
| Land and buildings: 599.586 acres and 6,043,482 square feet of buildings | $88 million | Crescent Dune LLC |
| Machinery and equipment | $257 million | Foxconn EV Asset Management LLC; transaction counterparty named as Crescent Dune LLC |
| Machinery and equipment | $30 million | Foxconn EV System LLC; transaction counterparty named as Crescent Dune LLC |
| Total disclosed amounts | $375 million |
The $375 million figure is the sum of the three amounts in the filing: $88 million for land and buildings, plus $257 million and $30 million for machinery and equipment. The initial report also put the sale price at $375 million.
What is the plant expected to be used for?
Bloomberg connected the purchase to SoftBank’s plans for AI data-center infrastructure, including the Stargate project. That is a reported intended use, not confirmation that the Lordstown facility has been converted, is producing equipment, or is operating at any particular capacity. The cited reports do not establish its current production, staffing, or operating status.
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Will Foxconn continue using the site?
The August 4 report said Foxconn would continue to use the site after the sale. That is what the initial coverage stated; it does not by itself establish the precise arrangement or Foxconn’s present-day level of activity there.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How the Lordstown factory changed hands
The plant is the former GM Lordstown vehicle assembly facility. The August 4 report says GM’s factory became unallocated in 2019 and was later acquired by Lordstown Motors, then by Foxconn in 2022. The 2025 transaction was another change in ownership after those earlier transitions.
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