General Motors said it has sold its Lordstown Assembly plant in Ohio after idling the plant in March.
GM sold the 6.2 million-square-foot facility to an investment group called Lordstown Motors, which is backed by electric truck maker Workhorse Group.
The amount of the sale is not being disclosed nor is a start-up date for production.
Lordstown Motors said it will build the Endurance electric pickup using components licensed from Workhorse. The Endurance is designed for fleet sales, the company said, and is a lightweight, all-wheel drive vehicle with a low center of gravity.
The Endurance is the latest among many electric pickups in the works. Tesla will debut its electric pickup dubbed "Cybertruck" on Nov. 21. Rivian is building an electric truck due near year-end. And GM has said it will invest $3 billion in Detroit-Hamtramck to build an electric pickup and other electric trucks, possibly reviving the Hummer brand there.
Lordstown Motors said it is committed to the people of Lordstown.
"We will locate our headquarters in the Lordstown plant, and we plan to build the Endurance pickup truck utilizing experienced workers who helped produce millions of vehicles in this very same plant," said Lordstown Motors CEO Steve Burns.
He said the people of Lordstown and the plant "are and will be the history and future of the auto industry."
"The quality and precision of the production robotics and equipment in the Lordstown facility is evident," said Rich Schmidt, chief production officer at Lordstown Motors and former director of manufacturing for Tesla. "Our team feels this is a factor to help us hit the ground running in building the Endurance pickup truck."
In a statement, GM said it is "committed to the future investment and job growth in Ohio and we believe LMC's plan to launch the Endurance electric pickup has the potential to create a significant number of jobs and help the Lordstown area grow into a manufacturing hub for electrification."