LORDSTOWN — Lordstown Motors Corp. posted its first-ever profit in the second quarter, the electric-vehicle startup announced, due to the sale of it’s massive auto making plant to electronics and tech giant Foxconn.

The company today reported operating profit of $61.3 million, which includes a gain of $101.7 million from the Lordstown plant and $18.4 million Foxconn reimbursed Lordstown Motors in certain operating expenses.

Foxconn, based in Taiwan, acquired the plant for $230 million in May.

Lordstown Motors also announced it remains on pace to launch production of its flagship vehicle, the Endurance, which Foxconn will assemble, but most of the predicted 500 units will be produced in early 2023, according to Edward Hightower, Lordstown Motors president / CEO.

Last year, the company said it planned to make 500 trucks by the end of 2022 and 2,500 more in 2023.

Read more on this in Friday’s print edition of The Vindicator or online at www.vindy.com.