 Hi, this is MXUX. Whoops I'm just want to do this quick thing here Q's views did a ATVM loan video the other day and He was talking about Lordstown Foxconn is also I Don't know if I need to highlight that Anyway, Foxconn is also part of this plan now this is And I'm also going to do another comment here on this the electric Viking who I used to like But Turns out he's a fudster. He's an ill-informed fudster Down under where the toilets flushed backwards Anyway This is Foxconn Lordstown Motors to pursue us loan for EV factory pay to retool the factory for manufacturing October 3rd 21 at 2 p.m Lordstown tour Total routers is pursuing a 200 million dollar loan from the ATVM program Okay, and And Blah blah blah There's a part of them to be about but for a long Lordstown and Foxconn and fine They will each seek a proportionate amount of the ATV loan and we responsible for a portion amount of any expenses occurred in obtaining the loan okay, so The point is Foxconn I think this deal is going to go through because Foxconn and they have and again with the SEC and the DOJ on them They have said they're going in with Lordstown will the 200 million go up probably Are they allowed to they're allowed to go in their form? But it doesn't matter this is all kosher and they're gonna split the cost and they're gonna split the Loan, so this is good news. This is less. I guess that's optics for Lordstown and I think this loan could get bigger the loan they were applying for that amount. They may change the loan amount So Foxconn and Lordstown are joining forces So it's not just Lordstown anymore Proportion amount any all expenses so there you go and The companies hope to complete a purchase agreement. They're gonna complete the purchase agreement by October 31st so I think that's going to enable them to get certified and Enable the or enable the Certification to go forward because they're going to be able to identify the the maker and the deal is going to be done next year April 30th Q1 I'll leave this up for one second here. You can pause it That is the original article and that is Reuters so There you go partners so cues views made one about Lordstown and We can update that to say Lordstown and Foxconn So I think the loan amount might agree I'll go up and they're gonna split Proportional amount of ATV loan will be responsible portion of any and all expenses Each will seek so who knows what's gonna happen there? But I just want you to know that it's no longer just Lordstown It's Foxconn and I think that adds a lot of gravitas to that loan app because Ain't no you know Foxconn ain't gonna default on that by the way Foxconn is known for getting Government support. They're known for getting Winning these programs of this type with other governments around the world This is one of the main things they do and they open up a facility. They go for every and all Government program there is and they get moat. I don't know. I haven't heard them that they didn't get any So Foxconn is going in on the deal and they got a lot of weight and a lot of gravitas They might have said well Lordstown you ain't got no cash and blah blah blah. Well, guess what our big brother Foxconn here says he's coming in and he got a fat wallet so I Was not I Did a SWOT analysis of Lordstown? I did not mention ATVM program Once I got confirmation that Foxconn is involved You know, I had a chance of failure I put a chance of failure at 34% Regarding the whole production and everything I think that has gone down But Let's not get ahead of ourselves. Let's keep it at 34% let's hear what the October 31 purchase agreement says and we may be able to adjust that by the way I I Think it's going to be adjusted down I think this is going to happen. This may increase It's going to cut Lordstown's cash bleed Okay, good news. All right, so I just wanted to mention that and Q's views Has a great video on this loan and I just wanted to this is kind of an addendum to that video now Here's the electric Viking Okay, I Ain't gonna dog on the The dr. Zaeus look okay. I Like the electric Viking I watch his videos He really knows a lot about the China EV market, but he did a video the other day where he Slagged on every aspect of Lordstown motors made from the truck made fun of the company You know, I have down here. His research is two millimeters deep. I thought this guy knew what he was talking about He doesn't know it. Well when it comes to Lordstown, he's greatly misinformed You got I'm not going to play his video on Lordstown where he mentions Lordstown It's a total hack job. I Can't believe he put it out This is supposedly a guy that supports EV adoption honestly Evie come on buddy electric Viking. Give me a break. So anyway, here he is Evie shirts a little too tight Anyway, here's my comment and now here is his channel. You can pause this and you can enter this or you can just search on YouTube for Electric Viking. I'm just gonna read my comment on his Video and I do like him and I do like his videos. Okay You know, I'm I'm cracking on him a little bit. I think he deserves it. Anyway, I here's my comment on his video Dig your vids, but you're misinformed on Lordstown a complex story that deserves more attention That should be attention Foxconn will learn how to build that should be build an EV from LMC So Foxconn is going to learn how to build a He's talking about what can Lordstown these losers teach Foxconn about building an EV I'm I'm saying in this comment Foxconn will learn how to build an EV from LMC And I'm talking about USC They have many youths. That's what they call trucks down there on the road now and I and IP for propulsion that EV propulsion that no one else has which is the hub motors Foxconn CEOs recognize this and so his interest and he had mentioned that and I haven't I have another article here to back me up from All places the Motley Fool But the Foxconn CEO mentioned when he was talking about the work with Lordstown the manufacturability of Their truck design and that leads to the propulsion the four moving parts which You know You don't know nothing about because I don't know why because because he don't Uh Anyway, the CEO of Foxconn said this people were feeling the same way about Tesla was starting up Do you feel Foxconn would work with LMC and if it is as you described you saying it's a fraud They got no vehicles they got nothing they don't know how to build it, you know what I mean So the typical fud this guy's a fud spreader. He's a fud packer Sorry about that Anyway, people feeling the same way when it came to Tesla Do you feel Foxconn will work with LMC if it is as you described hardly? They know a thing or two dig deeper Viking. I like your videos and EV electric Viking I do like your videos. I am a fan. You just got to look into Lordstown motors a little deeper I wish you'd do another video on them So you could straighten this out, but you're way off the mark. I gotta call you on it, bro You're just you're fudding it out, buddy You're a fudster fake news Okay, now this is from the motley fool and this was just a Published this morning. So after I made that statement and the motley fool is very anti LMC Two EV startups fisker, which plans to make affordable ocean and struggling lord sound, of course, they got to say struggling. All right Are closely linked with Closely linked with Foxconn. All right, there you go. As I said, do you think Foxconn would link with them? The news about Foxconn's prototype X-ray of boosted fiskers stock So fiskers stock went up Lordstown Lordstown shares dropped despite its potentially close ties with the taiwanese company Foxconn's aggression and continuing to push in its EV ambitions is certainly a potentially good sign for its two allies On the flip side. However, the company's chairman young lu young lee Said our biggest challenge is we don't know how to make cars What did I say my comment up there? that Foxconn will learn how to build an EV from lmc Guess what? Guess what the CEO said our biggest challenge is we don't know how to make cars That's the most reassuring forecast of foxconn's ability is newly acquired lordstown plant to churn out fiskers oceans or lord In the next year or two The most recent. Okay, you know what motley fool and here's the article, you know what motley fool? Here's the rub, okay? Lordstown motors is is certifying for production They're they're past the ppv p production vehicle They're certifying They're gonna the only reason they ain't manufacturing right now is because of this merger so Ability to get its newly planted or to churn out fiskers oceans or lordstown endurance pickups They're already churning out lordstown endurance pickups. They're all over the place They're they're past ppv. They're certifying for production Ability to get its newly acquired lordstown plant to churn out. They're already churning out Let me tell you something foxconn is going to learn how to build an EVs from schmitt and legacy burns and That's what that's what I think. I'm absolutely certain this is one of the reasons they bought the plan And he likes this technology and he sees it's the future You guys you don't know what you're talking about you. You don't know what you're talking about You motley fool. You are a fool motley fud Okay, neither one of you know what you're talking about and This is a quote. I'm gonna get the source later The hollow startup on wednesday announced the second quarter law says plant in northeast part of the state is ready And that retooling of stamping assembly body and paint shots has been completed It also said the electric battery line is fully commissioned Okay, it's not on here, but The other update that could be added to this Is that the hub motor line is also getting commissioned right now We are launching the endurance with the prudent ramp of production given the challenging industry and supply and chain Landscape now. This is when angela strand before she stepped out as interim ceo Lordstown would begin deployments with select early customers the first quarters of next year This really has not changed. Okay, everybody's saying well, they slowed down production. Well, you know what? They're gonna they're they're gonna get models the production models out the first quarter of next year, which This is an old article. So it really hasn't slowed production. They said they were going to start production in september That's that they were going to get the certification and roll the line when they roll these production lines out they start building You know one car every four hours then one car every two hours then one car every hour and And slowly it ramps up and they get the speed up to the point where it gets to be, you know one car every four minutes So it takes a while to ramp up one of these plants and that's true of even tesla. Okay The production of the endurance will increase steeply in the second half of 2022 Again exactly on schedule as to what they said previously and this fox con thing is just slowed down the certification In my opinion lord's town was freely warning need to raise station phones was evaluating Okay, this is ominous lord's town, which proceed previously warned it needed to raise additional funds added It was evaluating potential strategic partners Strand said the size of its ohaha plant could easily accommodate additional manufacturing partners She wouldn't say who that was little did we know? The additional manufacturing partner was fox con That's who they were talking to I had no idea That's what she's saying. That's what's between the lines right here between these two lines So you they even knew what they were doing when strand was there So the better the new ceo is negotiating the deal. I'm sure strand is in on it and everybody else But the better is the new york guys. This is great. Okay and for The electric viking, okay Here's the address. I'm not going to click on it. This guy has a this is a great video. He shot I don't know where he got this. This is an all-black endurance you Hey, uh, dr. Zeiss. This is what an endurance This is what the endurance looks like the you I guess down there the steering wheel would be on the other side or where would it be in the back seat? I'm not sure. Anyway You said they don't know how to build a truck Here's here's one out in the wild You know, I'm willing to say that this is a ppv. It's waiting to get they're just waiting for certification This is what's going to come rolling off the line here very shortly Okay And look at this video if you don't believe me Okay, and this is this is the dateline for that previous article august 11th This is a brand new video that just was on Uh YouTube like 24 hours ago. So this and I think that truck looks great and black. Wow All right Okay electric viking Here you go. I don't know. Maybe your big head won't fit in here. I shouldn't say that your head's not that big and limited production to start in late september And and and you know electric viking. I'm not slagging on you. I'm just saying do your homework Uh, wednesday that it will begin limited production endurance in late september. Okay, and now here's the Link for that you can pause this and you can copy that type type that in There's the link for that So this is all documented this there's the link for this And here's our friend electric viking anyway, let's leave on the on the picture of the endurance. Thanks a lot guys. I hope you like the video Just wanted to get this out here to fight the fud and back up my man q's views