DETROIT (Reuters) – Electric vehicle startup Lordstown Motors Corp is in talks to sell the northeast Ohio assembly plant it acquired from General Motors Co (NYSE:) to Taiwan contract manufacturer Foxconn, Bloomberg reported on Thursday.

Bloomberg claimed that Foxconn is expected to make the announcement as soon as possible, citing unnamed persons familiar with this matter.

Foxconn declined to respond when Reuters reached out to Lordstown.

Lordstown has a new chief executives. They are currently working on the launch of its pickup truck, the electric Endurance, and also seeking funding. Also, the Ohio company faces scrutiny from regulators.

Lordstown stated previously that they were in discussions to produce vehicles for other carmakers, or lease its facility. Lordstown only uses 30% of the plant’s 6.2million square feet.

Foxconn is exploring potential sites in the United States to make EVs. Foxconn stated previously that they were in negotiations with Wisconsin regarding building electric vehicles there. Foxconn announced that Fisker Inc and Foxconn had made a contract to construct EVs in the EV startup’s name.

In June, Lordstown’s largest shareholder and founder, Steve Burns, was forced to resign as chief executive following an internal investigation of claims by Hindenburg Research.

The U.S. Securities and Exchange Commission and federal prosecutors Manhattan are looking into Lordstown in connection to the merger it did with a special-purpose acquisitions company (SPAC). It also questioned statements made by Lordstown about preorders for vehicles.

The shares of Lordstown were up 6.9% during pre-market trades.