Foxconn, the Taiwanese multinational electronics manufacturer that recently closed a deal with Lordstown Motors to acquire the former GM Lordstown plant in Ohio, has signed a Memorandum of Understanding (MOU) with Indi EV that will allow Foxconn Ohio to manufacture the first Indi One prototype vehicles.
Founded in Los Angeles in 2017, Indi EV is electric vehicle startup that focuses on providing connectivity and customization rather than on performance metrics like horsepower and top speed.
“The Indi One is a unique vehicle and it demands the highest quality of automotive craftsmanship as well as consumer electronics manufacturing and engineering. Partnering with Foxconn, the world’s leader in consumer electronics, during this exciting time in their entry into electric vehicles means that INDI One drivers will lead the way into the future of personal transit,” said INDI EV founder and CEO Shi Hai.
“Our MOU with Indi EV marks the beginning of many more discussions to come regarding the future of EV manufacturing in Ohio. Throughout this process, Foxconn is confident in its Ohio workforce to manufacture quality prototypes that will help Indi EV achieve future success,” said Foxconn Chief Product Officer Jerry Hsiao.
Indi One
As a reminder, GM previously operated the Lordstown, Ohio plant, where it built the Chevy Cruze until mothballing the plant. After shutting down production, GM sold the facilities to EV truck startup Lordstown Motors. In the deal, GM received almost eight million shares in exchange for selling the plant at a discounted rate. Lordstown Motors planned to use this facility to manufacture the Lordstown Endurance pickup.
Lordstown Endurance pickup
However, GM sold its stake after the release of a short-seller report in early 2021, which accused Lordstown Motors of misleading its investors in regard to real-world demand for the Lordstown Endurance along with its actual production capacity. Cofounder and CEO, Steve Burns, ultimately resigned as a result of said report. Lordstown Motors then sold the plant to Foxconn, which will now produce the the Lordstown Endurance pickup, among other EVs.
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Comments
Isn’t Foxconn the manufacturer of Apple’s iPhones and iPads? Will they produce the mysterious Apple car, too?
When & where can i get an Indi One?
These start up cars made by established electronic mfgs will be wild cards in the future. If they prove reliable and cheaper on price by avoiding dealers it can change everything.
Todays market is more and more price driven as vehicles get more expensive.
@C8.R
That is exactly what I have been saying for a couple of years now.
People on here can disagree with me which is fine but most younger People want nothing to do with a Dealership.
As I have stated many times here, it took me less than 10 Minutes to order my car on my Cell Phone.
There is no going back with insane connivance as that. The main reason these cheaper startups will catch on is because they will adopt the Tesla model. As great and super easy as it is to order a Tesla on your iPhone it isn’t affordable to everyone, well at least not yet.
So it gives a Huge opportunity to these (Mostly and Unfortunately) Chinese Automakers to come here by say 2025 and sell much cheaper vehicles at each segment and make it insanely easy to order.
As I have stated multiple times here, Legacy Auto needs to get Politicians to change these insanely old Dealership laws. The only thing I can think of is the law changes to allow Automakers to make the entire Transaction online like Tesla but a Dealership MUST and just simply delivers the vehicle at their location. And then they can handle all the maintenance for both Customer vehicles and the Autonomous Company vehicles for the Automakers and whatever other Companies will have them.
I can’t tell if it’s coming or going. And that dash. Huge pass.
Ahhh no thanks. I’ll pass