 I just want to go over a couple things, some breadcrumbs on the EV industry in Lordstown. Lordstown today announced that it will release its third quarter financial results after market close on November 11th, 2021. The company will then host the conference called at 4.30 Eastern Time. Okay so everybody knows November 11 and 4.30 Eastern Time that is going to be the big Foxconn reveal on what the agreement is with Foxconn and the sale of the GM plant, Lordstown plant, former GM Lordstown plant. So that's a date to remember. Now let's just move on here these Foxconn EVs might be closer tied to Lordstown than Apple. What they're saying here is that and by the way I have a picture of this bottle E sedan which Foxconn is going to build and what they're implying here is that they're going to they're going to make these cars at Lordstown or some of these cars at Lordstown. So what my research has come up with is Foxconn intends to purchase Lordstown, here we go, it seems Foxconn intends to produce Lordstown mother's EV but also another EV as well and it is unclear whether this model will be the sedan concept as shown. Now it could be the pair the Fisker pair or it could be this model E from Foxconn along with the endurance that they're going to produce at the Lordstown Ohio plant. I have seen two different views of this one view said that this plant is going to be making three EVs when it's up and running and by the way this plant is totally capable of building three different ICE cars at the same time so that is not a stretch for this plant to build three models at one time. This particular report says two models and they're implying here that it's the Foxtron model E along with the Lordstown motor's endurance that will be built at the plant and it's not clear if the Foxconn concepts will lead to the new Apple car. My stand, I thought the Faraday future was going to be the Apple car. Kirsten Brickfeld of Faraday Future made some implications of this but he also said that in the future the self-driving computer will be removable, upgradable and replaceable in the car and that the operating system, the self-driving operating system will be the same along with the computer. So he's implying that they're building the base with the sensors and everything that's needed for self-driving and that there will be a plug-and-play self-driving component and he implied a relationship with Apple or maybe he didn't you got to watch the interviews but he's saying that he's implying that that's going to be the model that's going to be followed and that may be the Apple car but they say that Apple's hiring a lot of engineers to build a mechanical vehicle but it may be a virtual vehicle, virtual self-driving appliance they're building anyway. So it does appear as though Foxconn, I mean there's all kind of we're going to know on the conference call but again Foxconn is going to build more than one model at Lordstown when that will ramp up to happen we don't know. They want to work rapidly we're going to find out on this conference call. Of course you know the assembly line now is based on these carts that move around independently so you know programming in a second or third model is not a big deal and again Fisker is saying the pair there's there's implications the pair they're 35,000 model is going to be built there they are a client of Foxconn as well we're going to have to wait for the conference call but I just thought that was an interesting blip there to come up with now back in the day before the internet and everything one of the things marketing people used to do to find areas of growth is they would analyze utility data and wherever there were spikes in utility usage they would map that out and find out that that was a growth area in a town in a state in a city wherever and they would target marketing using that metric anyway just interesting here Lordstown and this is October 29th so this is very recent is undergoing a big a big improvement to their utility the amount of electricity that is going to be going to the Lordstown complex and the work we're doing in Lordstown will help meet the future energy demands of the rapidly growing electric vehicle industry and now of course we have the GM Altium battery plant there but we also have here is the Altium cells so you can see we've got a 32 million dollar investment here by this utility in this area uh Altium is sells alone a thousand dollar a thousand jobs to the area so that's the GM battery plant and also in this same complex I'm sure with this same electric supply is Lordstown motors and uh so this is a hint saying that um now this uh Altium cell plant has been being built and on the drawing board for quite a time this is a quite a long time this is a recent article you can imply from that that um the growing electric car industry but you can imply from this that uh Lordstown the Lordstown motors plant is going to need you know they they may be working on the plant right now upgrading it for Foxconn Schmidt maybe and but but any case the point is this is a positive for that complex the fact that they need more power okay and they've actually increased the the the spending on that power supply you know they've invested 12 million over top the 20 million they already did and this is just to supply a substation and a special line going into uh the Lordstown complex and read into it what you may uh is it all for the Altium power plant or is it part of it for Lordstown they're both probably going to share in this but it's it's a positive in any event I choose to see this as Lordstown motors requiring um part of this as well I believe they may have already planned for the Altium cells plant because this been in in the works for a year or two I think the power supply was already there I'm reading between the lines here that this is this is additional power that's going to be supplied to the complex but that uh they're going to need at Lordstown motors production line so I think this is a very positive breadcrumb and again we're going to have to wait for the conference call on this the earnings call and I just wanted to this is the Foxtron Model E sedan uh I believe Pinoferina designed this body I think it's a pretty attractive car I think Tesla better look out and um let's see if we can get a picture of the interior how about that interior isn't that nice so um this is one of Foxtron it's going to be their first offering I believe and there's some scuttle but that this is going to be built at Lordstown um now Cadillac did use to build the Elante they had Pino Pinoferina actually build the unibody the body of the car and the interior in well the body of the car in in Italy and then they would ship the entire body and assemble the car at plants in in America I don't know if uh Foxtron is going to be building this body or if they're going to be using the same concept here but Pinoferina it has designed this car I think it's a great looking car it actually looks a little different from all the other EVs but again here's the interior and um uh there's a shot of a screen in the backseat so there's some um pretty interesting things going on here with this car and this again may be built at Lordstown or it may not we don't know we're going to find out what the earnings call is going to bring I think uh I think there's some pretty good pictures here that's a pretty great picture of the Foxtron Model E and again this may be built at the Lordstown plant alongside the endurance not a problem three models could easily be built at that plant and uh it's just interesting to look at these uh new car models perhaps this is the best picture now is uh just want to bring up one other topic here it just was announced that Amazon with the public offering of um Rivian coming up they've announced that they have a 20 stake uh Amazon has a 20 approximately 20 ownership interest and a carrying value of 3.8 billion okay and this is in Rivian so Rivian is swimming in cash by the way uh one of the things that just happened at Rivian was they had a fire at their manufacturing facility in their battery facility inside that plant where they're assembling batteries and I do believe Rivian uses a pouch battery and I do believe the Ford Lightning is going to use a pouch battery as well and Elon Musk has said uh that these are not reliable well he prefers obviously the uh the cell the solid cell aluminum or whatever battery looking cell versus the pouch and by the way the bolts that all burn down in the driveways uh the GM cars they had pouch batteries too but we're not talking about that we're talking about Amazon owning a 20 stake in Rivian now when you think about this it's inside baseball they're going to build their vans for them they're going to uh you know they've ordered a hundred thousand vans for them why shouldn't they own part of the company you know it's like taking money out of one pocket and putting it in another pocket but uh I think that what Amazon really is doing here and and this is what they did with the Amazon web services they caught on to this before anyone else and I think this is important uh something we should all look at with the earnings call for um the uh endurance for Lordstown motors and that is carbon credits um I think that's why Amazon bought uh a 20 stake in Rivian and I think that um everybody's uh overlooking these carbon carbon credits you know the this article is rather lengthy uh and and by the way this is something we should note with the Lordstown call where are the carbon credits going we already know that GM has a deal to buy a certain percentage of the carbon credits at a certain discount but the the point I'm trying to make here besides that is what we need to know you know um I think Lordstown is going to maintain because they're they're hiring someone to build the car but it's still their car and they're paying for it so they're going to keep the carbon credits I'm pretty sure we'll hear from the deal from the conference call but the point is um with these carbon credits and you know companies are seeking the offset green greenhouse gas uh with carbon credits and they have us steal here uh but but the big thing with this is that um um a carbon credit is you know Elon Musk has been using these to to run uh Tesla for years and they make up a large part of the income at Tesla but uh it's a credit for a ton one ton of carbon when you produce an EV you produce a carbon credit or a percentage of a carbon credit whatever it may be and then that can be sold to another party and that party can use that carbon credit to offset their lack of production of an EV so for example when fiat was not producing any electric vehicles they were buying carbon credits from uh Tesla to offset that and uh there's other American manufacturers that have been doing the same the point I'm trying to make here is the compliance market for carbon these these credits are going to be traded to uh uh meet compliance regulations EPA right regulations this this market is going to boom okay um the voluntary market are going to track to reach 66.7 billion at the end of 21 okay um carbon uh compliance market project carbon prices to increase 88 percent okay uh by 2030 so um the point is with the Paris climate accords um the thing is right now the US has got like an internal market and this is still in the cradle in the United States with the Paris agreement they're talking about a a worldwide uh this is highly unregulated at the moment it's not regulated in the United States I don't think by anyone but but the point is they're talking about putting in a worldwide cap and trade uh carbon credit market and this is going to turn these carbon credits into a big commodity and I think this is one of the hidden values of Lordstown as well because they're going to be producing these carbon credits with each unit they built and as you as you saw from that statistic they're expecting it to go up 88 percent by 2030 I think that's low I think once the Paris Accords unify an international market for cap and trade cap and trade means every company has a cap on how much carbon they can put out and if they meet that and they have leftover credits they can trade those credits uh but anyway I think uh how fighting climate change became a billion dollar industry I think this is the main reason that Amazon has got a 20 stake in Rivian they want to be in on this credit uh this is going to be this might be bigger than anything coming up okay depending on how the Paris Accords work out and what rules and how the US formulates this is all like cryptocurrency right now but anyway I just thought that was interesting and I and I do believe that much like Amazon jumped the gun with Amazon web services over everyone else I think they've recognized this carbon market anyway I thought that was an interesting takeaway and and the idea that Lordstown is going to be a producer of these carbon credits that may be something that people are overlooking and something we we need to pay attention to in the conference call anyway guys that's it again the conference call is November 11th uh 2021 after the market closes 4 30 eastern time okay uh this is MXUX thanks guys and uh moving on to the next video