 This is MXUX great news here on the endurance judging This is a TFL truck This is a website news iPhone maker is taking a crack at electric pickup meet the model V This is October 19 Taiwan's first self-developed electric pickup truck May come to the US market now I have a con You know, I just want to say this reporting on Lordstown motors and Foxconn in the B market is totally confused At this point in time a lot of it's not accurate during accuracies, but the press is there all presses good press, right? I'm not going to go through this whole thing The electronic has not the ability to build vehicles in the United States. Okay, that's the Lordstown Motors plant Details are scarce, but we know that it's a 2,000 pound pay road payload rating which might be wrong 6,000 pound towing capacity Directly in the path of conventional mid-sized pickups like Toyota Dakota and Honda Ridgeline I'm going over the Hanhai technology day, but this is going to have more information, but this is just the news that's out now Model V is the result of vertical integration of Hanhai and MIH Alliance partners of which Lordstown Motors is one This is the first pickup designed and developed in Taiwan and during Hanhai technology day the presenter The female presenter was the head with engineer in charge of design When they say designed and developed In my mind, it's the look and feel The nuts and bolts Not done here. That's my my take on that. Anyway, now let's just see if I can find the right tab here Now this one here, and I don't have the full story on this, but the business journal on this is October 18, 2022 Foxconn to produce pickup the Model V crossover Model B so V and B at Lordstown I Just want to say You got to understand Foxconn is building this BEV manufacturing empire through a lot of joint ventures and Contract manufacturing and working through other manufacturers and so forth The Lordstown plant to the best of my knowledge is the only plant they own It is their flagship Manufacturing facility it is got their name on it. They own it Lordstown motors, of course is interwoven in this entire venture, but It's hard for me to believe that they will Build any vehicle anywhere else then here and they may have You know Luxion is putting out the model C But I believe this model C in other words they're going to produce in my opinion do your own DD Every model they come out with it's going to be produced at this facility Will it be sold under the Foxconn brand? Not necessarily Will it be rebranded to other carriers? Yes now my read and you got to do your own DD on this On any new MIH vehicle which Lordstown motors Engineers as per my flow chart in the last video They're going to have the rights Lordstown motors to distribute that vehicle Under their badging or I guess any other badging they want in the North American market Canada United States of Mexico Okay, this could be the model V pickup and This could be the model B crossover also the model E the model C Okay All of the models they're making except the transit bus probably in my opinion are going to be made here Those that are going to go through this engineering regime with Lordstown the development regime with Lordstown I do believe Under the my reading anyway so far the joint venture and again you got to confirm this yourself Lordstown is going to have the rights to distribute that in the North American market and Foxconn is going to have the rights to deliver that to customers throughout the rest of the world And again, this is This is the only facility I know now They are looking at facilities in India as well, but I do not believe that purchase has gone through yet and I believe that might be focused more on integrated circuits but This is the crown jewel of their efforts and everything they make is going to be made through here, and I think Lordstown anything that is developed off the MIH program By Lordstown Lordstown is going to have the rights to distribute it in North America. This is including Also we can include here the Lordstown Endurance the high-top band and likely the three-row SUV So This is You know, this is massive anyway in my opinion I mean, I'm going to do more work on this but guys That's my preliminary finding and that's in my opinion do your own DD So we've got two more vehicles at Lordstown. I believe I already said the crossover I don't know how many we have now six and then the pickup truck Is new and added to that list Lordstown eyes and this is October 18th, this is the Vendicator local newspaper October 18th the auto assembly plant in Lordstown, Ohio and by Foxconn Could play a large role in the Taiwanese companies Continued expansion into manufacturing electric vehicles. Yes, it's going to play the key role because it's the only plant they own At least now and at least And you know, even if they buy another plan, it's going to take time to ramp it up. This is their crown jewel In the North American market, which is the biggest market, which is the most stable market right now Han high images of the plant blah blah blah blah blah blah Now this article again, I think is it has some needs some fact-checking But recent published reports by car and driver In Fox business suggests the Model B hatchback Which would be made by Foxconn affiliate foxtron Would be produced in Lordstown starting in 2024 Okay, this is a lot of word salad here, but This is according to my flow chart in the last video. Maybe I'll include that flow chart in this video Again, I do believe Lordstown motors is going to engineer this it is based on the MIH platform it is a derivation of the model C crossover. I think it's a little smaller now in my mind This vehicle is Now the the model C is in production by Luxgen and I believe they have it Moniker and seven on that That's a little different. I believe this is also Based on that platform. I think this might be a little smaller vehicle But having said all that Someone maybe can help me with this out there I think all these in these these products have to be re-engineered for the North American market. Am I wrong? I think the crash test standards are higher anyway You can slice this any way you want it. This is massive amount of activity at the Lordstown plant and Lordstown motors is right in the middle of all this So The model B would be made in Lordstown starting in 2024 if it's going to be made in Lordstown, you know, it's going to be engineered by Lordstown motors But last week Rick rise president of operations for Foxconn, North America tried to tamp down speculation model B's production in Lordstown Blah blah blah our commitment to existence and and that I watched his interview. I didn't see that we do not intend to have any Foxconn and or Foxconn brand in particular at Foxconn, Ohio Um That doesn't mean they're not going to produce the vehicles It simply means that they are going to Either be sold as white label or distributed, you know, perhaps under the Lordstown motors label or Lordstown consumer Lordstown C who knows in North America and the rest of the world Uh, this output could be distributed by luxe jen or uh, some some other entity um They do not want to compete with their customers. This is the Foxconn motto, uh, but you know, they're doing a proof of concept with these vehicles and I do believe that um I I Guys, you gotta read this contract. I I do believe that if and I am pretty much certain that Lordstown is going to engineer these They're gonna have the north american rights to distribute them Plain paying the licensee fee and royalty to Foxconn Uh badged and branded under uh Lordstown or another similar brand or sold as white label but distributed through Lordstown Blah blah blah blah blah Foxconn and indy ev have a memorandum of understanding Uh You know once Foxconn does this it's generally a done deal A binding agreement to produce prototypes in Lordstown, which is going to be done by Lordstown motors Plus calls for Foxconn to produce the batteries for the electric vehicle now there's Batteries and there's battery packs. There's a battery pack assembly line In existence at Lordstown, which is owned by Lordstown motors, which is used by Lordstown motors Now when they say batteries do they mean the battery cells? Or do they mean uh the battery pack? um again Lordstown motors owns the battery line battery pack assembly line at the plant Goshen Who if you look back on my catalogue of videos, you'll see a rumor that Goshen was It's totally Heard through the grapevine that they're talking about supplying all the batteries. That's a that's a chinese maker uh for the Lordstown plant for Hanhai Thing is they built a giant plant in Michigan which is you know A stone's throw from where this Lordstown, Ohio plant is and Definitely connected by rail lines and highways and so forth. Maybe uh You know three four hour drives something like that maybe um so Again some questions about this reporting, but just to give you an idea of what the heck is going on This is moving You know faster than the speed of light here Now uh This is the model v And again, we went through this already and I think I've covered everything. Oh, this is uh, this is a review Of the Lordstown endorse. This is the first publication I found this is in haggardy media 20 october 22 This is the north american truck of the year Jewelry examination the first news from The journalists that are taking a look at the Lordstown endorse And there's a picture of the endurance and the cinderella is an electric pickup trip to the Lordstown endorse So cinderella implies, you know coming from the ashes Lordstown v2 Prince uh on how I came to rescue them and here's the Lordstown endurance. That's what that's saying Uh, the the now this is you know, of course they have to say this right because they can't just say well It's got a good chance of winning the odds of the Lordstown endurance being voted north american trip of the year along as the very fancy Ford lightning like likely has it in the bag I don't know if they go by Judging the drivability right and drive they're not they're going to Lie to themselves if they choose to for lightning But the Lordstown endurance is here and of such interest to journalists That reservations were required for a 30 minute drive That is how interested this press is in the Lordstown endurance Um, there's an interview with Darren post there Now this is this is what they have they talk about the the hub motors being visible This is some of his commentary inside the Lordstown endurance is plain jane Ford front seats are comfortable and snug enough. Where's the back seat is thinly padded and a bit too upright You know, of course, they have to say that controls are simple and straightforward and yes, there is both air conditioning and a stereo Uh, there are a multitude of options On this vehicle that are standard equipment That this guy has glossed over That we're putting there by high tower. There's puddle lighting. There is bed lighting. There is On and on and on this in my mind is the option equivalent of a Ford lariat f-150 lariat, so Again they gloss over all of this And they mentioned the the back seat is a bit too upright Plain jane. Anyway Good enough. There's both air conditioning and a stereo. This thing's got carpeting. This is a full feature Pickup truck. This is on the level of a Ford f-150 lariat. I don't know these guys I don't know how they live with themselves rating this stuff. Anyway, the price price price now we got Top speed 118. This is limited by a governor. That's this has been up to 130 plus on a closed track I have inside information range is 200 miles The range has always been 250 on this truck in the past Uh, I do believe they strengthened the superstructure of the truck to get a five star rating to get a Star for the rollover Uh, so that weight may have affected the range. I think this Might be a little better in actual use because the hub motors do get a 30 higher region then Uh, a normal, um You know, you know electric motor setup on a bev We're gonna have to see in actual use what the range is and they may not now They say this is a 109 kilowatt battery. I believe the original endurance had 110 Uh, so there's some question in my mind about this range That certainly is enough range for a fleet to use according to my research um Anyway, there's a picture of the truck Yeah, 109 kilowatt battery. It charges 28 in 45 minutes Um On the road the lord's town endurance just feels like an electric truck Nothing would tell you that it's powered by four hub motors. It's quiet with a trace of wind from the motors It moves along at a smooth clip very button down. This is the handling Which obviously this guy didn't take advantage of Honestly, it's much better sorted and fully realized than I was expecting Believe me, this truck has Gone through two levels of development. Of course, it's polished. This is this is probably the best Uh, you know introductory flagship halo product that's ever been real. I mean these guys This has been through burns is Development and then when high tower and the avanjee came in they did a second Redo on this. So this is a a finished truck So Tough road ahead forward is doubling down on the fleet market for its electric f-150. They can't even supply any fleet F-150s, this is not even true Endurance ultimate price rumors it might cost about 64 That's more than a fleet forward which starts about this is totally inaccurate display This price has gone up. I think $10,000 since this Was mentioned and you can't even get them. It's it's not even a matter of price. It's a matter of availability Uh, lord's time is actually building trucks, but the initial plan is to lease them to customers rather than sell them out Right. This is very interesting because lord's time motor then would be cutting the leasing the fleet leasing company in 2004 the inflation reduction act allows that Tax credit to be paid To the leasing company Okay Directly In certain situations if I read it correctly, which would mean Tell me what that would mean what that mean of even a bigger margin on the endurance Because that would be a cash I mean the the price Would be discounted by that amount but rather than having all the Uh cost baked into the price. This would just be a cash award Would that be valued different would that be of more value would this increase the margin? Anyway on each vehicle, uh, it doesn't matter because it would allow lord's time to control the entire Buying experience. This is a great idea for fleets Blah blah blah five percent of the world's electric view. This is this is what Fox coincided five percent electric vehicles by 2025 we can do that We can back that number out and see what What sales would be but I do believe they are sandbagging of this They are sandbagging on this. I believe they have much bigger plans in this 40 to 40 percent of the electric vehicles Overall they want to sell eventually the same share it has with the smartphone business now. Here's the thing They're going to start cranking out these models And there are more You know partnerships and You know, I I I do believe they're going to start manufacturing vehicles Danny Vaji went through it in his presentation that they're going to put out white white label Endurance pickup trucks for other oem manufacturers It is likely Okay, they were pursuing such partnerships So I you know the thing about foxconn is they like to There's a picture of the endurance while I blabber on here just real quickly because I'm doing a video on this haun high day I'm trying to analyze it You know Lou the CEO of foxconn keeps talking about building an ecosystem and These guys at foxconn they are Some sharp Businessmen I have to tell you I am just so impressed. I mean versus versus the American approach to business These guys anyway that what they talk about is building an ecosystem And they're building this ecosystem through these joint ventures and partnerships and they are Building out this whole prep Line of battery electric vehicles that they're developing They are sharing the wealth bringing in partners to produce do the engineering on these things They are contract manufacturing them. They are allowing them to be sold by their joint venture partners and Shipping them off to Other oems or whoever it is that wants to sell them. So they're creating An ecosystem out of you know thin air And what this ecosystem is all about is It is the market for their product because their product really is the supply line and their product is all the components And their product is assembly Okay That is their core business Uh, you know, they're in this joint venture with stilinas right now and they're going to be They're going to go over manufacturing every nut and bolt that's used in the car And they're going to make everything They're going to make the windshield wiper motors the all this stuff. This is all going to be foxconn the iphone Foxconn makes 90 Plus percent of the components for Same thing with these vehicles that they manufacture no matter the brand no matter the customer That is going to be how foxconn is going to make its money. It's going to make its money Making these components managing the supply line And assembling these components into vehicles and they are giving everything else away To the other parties involved Again to create this infrastructure to create this ecosystem anyway, um I think it's a brilliant way of doing business and The thing is, uh I mentioned this book I read on stupidity Uh intelligent people smart people Get into relationships that benefit both parties and I think that's what foxconn's all about anyway So this is in my shoes. This is just a quick update. I'm trying to work out. I got too many videos to do This is such a fast moving story Very exciting Thanks for watching