Finance

Peloton to build first factory in U.S., targets production in 2023 By Reuters

© Reuters. FILE PHOTO: A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, September 26, 2019. REUTERS/Shannon Stapleton/File Photo

(Reuters) – Home fitness equipment maker Peloton Interactive (NASDAQ:) Inc said on Monday it would build its first factory in Ohio and start production in 2023.

Peloton said it would commit about $400 million to the facility.

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