 MXUX here, massive news in this hidden broadcast. Starting from 2023, we should be able to see these factories are running and in 2024 we will see quite significant amounts of EV cars made here. Hi, this is MXUX. There was a piece on the local news in Lordstown, Ohio, WKBN Channel 27. This was a spokesman from Foxconn, James Lew, who is in Lordstown shepherding around a group of investors and media from Taiwan. So this was actually a piece that was produced for Taiwan. But he did do an interview with the local media as well. Mr. Lew's English is fine. The audio is not great on the interview. I'm going to play the interview later in this video, but I just wanted to go over the key points. As I said, it's a bit muffled and hard to hear in spots. I've gone over it at different speeds and so forth and enhanced it to get this media, to get this summary. Show media vent for investors in Taiwan, Taiwan market, show the progress of the Fox BEV pivot at the North American Hub for all activity. So they were bringing people over to show them what is going on at Lordstown, Ohio. This is the key notes from his interview at the plant, and again this is James Lew. In 2023, we will be up and running building BEVs. It seems to imply at full production, January, February for some of our customers, it implies more than one customer. One of those customers is going to be the endurance. The second customer, we don't know, Fisker Pair, Monarch Tractor, IDEV, perhaps a Foxtron model. So it implies two or more BEVs will be in full production in January, February of 2023. In 2024, he said there will be a significant amount of battery electric vehicle production here, meaning I'm sure the Fisker Pair is going to be in full production. So we're looking at full production at full line speed in 2024. So in January and February, Hightower had said by March of 2023, Lew is saying in January and February it's going to be ramping up, so that's next year, start of next year. And he reiterated that the Lordstown facility is the hub for the North American strategy. It's very important, he stressed how important this hub was for the Fox goal of garnering 5% of world BEV market share in 2025. So that's, you know, three years, two years, they want 5% of world BEV market. So we're looking at some big production numbers. Has two billion in revenue now, he mentioned, and I think the implication was to fund this effort. And he mentioned that, again, the CDMS business strategy, contract design and manufacturing services quickly build BEVs for customers. And my famous flow chart goes through this. We're going to show that in a minute. So here's what he said. We have a few customers already, and we know they have Fisker, IDEV, Lordstown Motors and Monarch Tractor. We are in discussions with more customers with agreements. We can discuss more. Okay, so he's laying out some breadcrumbs here. And he said, when we have the agreements, you know, they can reveal what's going on. So they're in discussions. On my previous video, I said the VW Scout is a likely customer. I believe they will get that contract of a 50% probability on that. Mentioned startups and traditional companies. So he mentions both startups and traditional companies. So he's implying that an OEM is also talking to them. Is that OEM VW on the Scout program when it's actually an independent company, but kind of a spin-off of an OEM? Is there another OEM talking to them? We don't know. But he specifically said startups and traditional companies. I see that as being ICE manufacturers. So they got something that they, I believe, involves OEMs with agreements. We can discuss more. I think this is the Scout VW Scout, but there may be more. As we said, DJ Danny Avaji, Chairman of the Board, mentioned the white label pickup truck manufacturing. That would be the rebadging of the endurance under another brand name. For example, Dodge anyway. Here is from a previous interview with WKB and Channel 27. And this is the Rick Raj, who is the VP of Business Development and Electric Business Initiatives at Foxconn in the United States. Rick Raj said up to 20 companies may be clients. So the potential here is pretty breathtaking. This is, as I said in that video, the mother of all breadcrumbs, I believe, is the title. If you add, depending on how you count it, if you add the models that we already know are going to be there, this could be 25, at least 25 different battery electric vehicle models. And if you include all of the Foxtron models that have been stated that are going to be there, that's another at least one, two, three, at least three more models. So does that come to a 20 of 28 car models being built? So this is all happening. This is not vaporware. This is not speculation. People accuse me of speculation. This is happening. These people have really said this, OK? Lordstown is the hub for Foxconn's next growth driver being manufacturing in North America. So, and that's on 12-122. And this, Rick Raj made these comments about a month ago. So this is all, this is new news, new information. Now, I just want to go over here. This is another version of my famous flowchart. But I just want to show you that if you want to be part of this and you want to invest in a US NASDAQ-listed security versus a Taiwanese-listed security, and we know with the geopolitical things going on in that part of the world, well, it would be depend on what your investment preference is. But of course, if you want a US-listed, and I believe that RIDE offers spectacular growth potential, it is high risk, but potentially high return, much more so than Honhai stock, which I believe is about 50. It's a more mature company. What they're doing is pivoting their business. So, I mean, they're going to get a bump in the stock price for sure. But with Lordstown Motors, we're starting at a base to which, you know, the growth could be exponential. I'm not a financial advisor. I've done videos on this, I'm on the record. But I had mentioned that with full delusion of the stock that's been authorized, I think, you know, $43 a share is not out of the question for Lordstown Motors. Do not base your decisions on my information. That is my opinion only. I'm not a financial advisor, engineer, attorney, and that is my back of an Afghan analysis. But I just want to go forward here. This is how this works, OK? This is why they've mentioned numerous times Lordstown, Ohio. The Lordstown, Ohio plant is key to their strategy in this battery electric pivot and their 5% global market share goal and their North American goal, OK? And that plant was originally totally upgraded by Lordstown Motors. Enormous amounts of money have been spent. This is a state-of-the-art manufacturing facility which Foxconn has taken over and undoubtedly has improved as well. Now, Lordstown Motors sold this facility to Foxconn and they had entered into a joint venture with Foxconn as a result of that sale. Now, that joint venture, as of the last earnings call, has been dissolved. All of the financial burdens and so forth of that have been wiped out. There is a new partnership. Now, the past joint venture was 55, 45, 55% Foxconn, 45% Lordstown. This is now a partnership. In my mind, that implies a 50-50 split. But why this split is important is I believe this is the basis they're going to split these revenues on that are going to come from manufacturing these 25. Let's add the scout in there, 26, 27, or is it 28 or 30 BEV models. I know that's mind-boggling, but believe me, if anyone can get this all straight, it's Hightower and his team doing the program management for all these vehicles. And Foxconn and MIH providing the platforms and the supply lines and the assembly. I mean, this is the new way that cars better electric vehicles, at least in my mind, at least a 5% market share that Foxconn is going for is going to be built. Anyway, let's just go through this. This is how this works. There's a motion in harmony electric vehicle development. I call it the MED. OK? Foxconn is a 50%. I'm saying 50% partner. Lordstown Motors, this is ride stock, is a 50% partner. Now, and again, if you want to be part of this ground bake and this explosion of production that's going to take place in 2024, and you want to own a NASDAQ-listed security of a US company, that's ride, that's Lordstown Motors, is a 50% partner with Foxconn in this effort. Lordstown Motors is going to design the body and the interior and everything. They're going to do all the engineering. They're going to do the alpha, beta, and the PPV. They're going to crash test. They're going to certify. They're going to homologate, get the EPA and the California Air Resources Board certifications. And they're going to do all the program management of all of these 30, let's call it 30 BEV vehicles. They're going to do all the program management. So they're going to do all of this. OK? This is going to be ride. This is going to be Lordstown Motors. This is going to be their 50% of this effort. They're going to hand this over. And by the way, under the new partnership agreement, Lordstown Motors is now in charge of the entire program. However, this is what the verbiage is. So in other words, they've also taken over running the assembly line, planning the assembly, and so forth. Where Foxconn comes in means Foxconn is going to manage the supply line for these 30 different battery electric vehicles and get all that bill of materials stuff on the line at the right time to build the right number of cars. They're also going to manage the assembly. And that means supplying the people. And Rick Raj said, and you can look at my video from Rick Raj, mother of all breadcrumbs, they're going to build dormitory. They're going to build high and modern housing near this plant location, which is a really cool location. It's by Kent State University. It's by Youngstown State University. It's a stone store from Cleveland, Hall of Fame, Putty and Bay. There's a major airport within a reasonable drive, less than an hour drive from this location. Anyway, Foxconn is also going to put a university extension on the plant grounds to train and upgrade the skills of this staff. So they're going to handle the people. They're going to handle the supply line. Let me just talk one second about Foxconn doing the supply line. They aren't just going to source all these parts. Foxconn makes 90% of the component parts that go into iPhones. They're going to do the same thing with these cars. They are in a joint venture now with Stellantis to develop supply lines for things like wiper motor assemblies and steering wheel stock control columns and these types of things. By the time they go into production, they're going to be manufacturing. These are going to be Foxconn parts in a Foxconn supply line going to a Foxconn assembly plant. And they're going to be put together by Foxconn employees under the contract manufacturing, CDMA, whatever the CDMS model. That's how it's going to work. Foxconn is going to make money on the back end here by not only getting the fees for doing the assembly, getting the fees for supplying the bill of materials, but they're also going to sell them all the parts. And they're going to make the fees per vehicle on what they manufacture. So they're going to make their money on the back end. Lordstown is going to make their money on the front end by doing all of this. And I do believe the partnership implies they're going to split the revenue 50-50. And Foxconn just plunked down $170 million to have Lordstown Motors produce one BV program for them. You could multiply that by 30 to get a revenue idea here. But since they're 50-50 partners, I have not seen the partnership agreement yet. But there is going to be a revenue sharing here certainly. And certainly Lordstown Motors is going to. Now everybody thinks Lordstown Motors survival depends on the endurance, the sales of the endurance. And they are important. And the endurance is important as will be the high top van, which is the next vehicle, I'm sure, and the three-row SUV, which is the next vehicle after that. Under this previous agreement, Lordstown sold this endurance and these other products in North America. That is Canada, United States, and Mexico. And Foxconn had this distribution rights in the rest of the world paying Lordstown royalties for those rights. So this is all Dan Neavaji, I am sure, and Adam Kroll, working out this complex web of interlocking agreements and revenue sharing. I'm just going to say it this way. These guys are going to make a ton of money. They're going to put out. I mean, you can already see the quality of the endurance. Everybody's reviewing it. Nobody can find anything wrong with it. This is all happening. OK, this is not speculation. This is not my idea. This is all based on research and facts. And again, if you want to be part of this and you want to own a US, a NASDAQ-listed security with the reporting requirements of NASDAQ and the transparency and the SEC, the only way you can do that and be in on this is to own ride RIDE stock. You can also buy Honhai or Foxconn stock. That is going to be on a Taiwanese exchange. So this is MXUX. I'm just going to close and leave this chart up here. And this is their business model. And this is how it's going to work. And just be aware, when they talk about Foxconn in North America, that's half of the process. The other half of the process is Lord's Time Mutters. Although they may not be saying it, I guarantee you they are. This is the arrangement. All right, this is MXUX. I hope you like the video. I'm going to now play this video at a reduced speed with some generated subtitles. Again, terrible audio. Take a look at it for yourself. OK, MXUX, thanks for the view. So we are quite excited to see our operation here. BusinessJournalDaily.com. We acquired these factories about six months ago. And we already expected in the next one or two months, we are going to start running some of our customers model here. I just want to reiterate that one to two months, December, January, February, customer products, BEVs rolling off the line. So I think this is before the factory really occupied. We tried to officially introduce these factories to our media and our investors. And make them comfortable and confident in our EV strategy. Fast down today, we already have a revenue reaching more than 200 billion US dollars. EV definitely will be our next growth driver. So Losam here is our motor hub for our EV strategy in North America. Not only the North American hub, they're only owned factory. So this is going to be very important to realize our goal to have a 5% global shares in 2025. We're very happy to have this facility here because we already successfully attract a lot of startup companies and also the traditional account OEM for the future cooperation here in Losam. OK, I think you heard that. OEM, OEM. So starting from 2023, we should be able to see these factories up running. And in 2024, we will see quite significant amount of EV cars made here. So we are quite excited to see our operation here. I think in EV sectors, we try to showcase our CDMS business model, which stands for contract design and the manufacturing service. So we can provide, including the car design, components, modules, assembly, and the software, these kinds of total solutions. So as long as our customers accept our full service here, we can quickly build a car for them from the Losam facility. We already have a few customers today and we are in negotiation with some potential customers. And hopefully, if we reach any agreement, we are able to disclose more in the future. Businessjournaldaily.com, three minutes with, is brought to you. Hope you guys like the video. There's a lot of fun out there. There's a lot of fun bots. Hodlers, don't pay attention to negative comments here on Reddit. Good luck in the market. Thanks a lot for watching the video. Support me at the Patreon link. Appreciate the view in the comments.