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Six New BEV's in the works at Lordstown Motors / Foxconn Ohio - what we can expect to see unfolding from the company that brought you the Endurance
3 minutes Posted Dec 23, 2022 at 10:44 pm.
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A recent great review from Coach Concepts of the LMC Endurance BEV Pick Up sent out a ripple that is turning into a tsunami. The reviewer mentioned that Lordstown Motors is presently working on six new models - BEV's - for retail customers - not fleets. I have been talking about the backlog of new vehicles that will be coming out of Foxconn Ohio - I have estimated a possible count of 30 new BEV models from various sources based on either the Endurance or MIH platform. The new partnership agreement (pending IMO - do your own DD) between Foxconn and Lordstown won't happen until the direct foreign investment funding it is approved by CIFS. Based on the now (replaced by the partnership) defunct JV agreement all of the vehicles mentioned here would have been distributed in North America - Canada - US - Mexico - by Lordstown Motors under their brand and by Foxconn Internationally under their brand, with Lordstown paying royalties. Under the defunct JV Lordstown did the engineering / program management BEV development and Foxconn would then take the tailored MIH based vehicle into mass production. I expect this to be the case again. My prior Videos / Podcasts provide a timeline for this - starting 2023 and really ramping in 2024 - anyway that is the felling right now. Not a financial advisor-accountant -engineer or lawyer - do your own DD please- confirm any presented information to you personal satisfaction and seek professional advice before investing -MXUX -good luck in the market...