 There's some very important news that everyone's missed on this ID ID 1 I'm gonna go over this video. I'm gonna explain the players and I did a flow chart. So let's get started There's some very important news that everyone's missed on this ID ID 1 I'm gonna go over this video I'm gonna explain the players and I did a flow chart. So let's get started I'm gonna play this video And I'm gonna pause it At certain sections. It's only two minutes long. Let's take a look. This is by Independent EV IV one here. Let's take a listen Almost exactly a year ago today Indie V introduced the Indie one to the world There has been one question on everyone's mind since then Who will manufacture it? See what they have The Indie one is a show car. It's a pusher. It's a prototype It's not ready for manufacture Indie V's headquarters has served as a research and development facility and Owned to production on our earliest prototypes For mass production, however We needed scale Earlier this year Indie V and Foxconn leadership were introduced to each other Okay, so for commercial production for sale to the public Okay, they need mass production They came to Foxconn Now they are saying they came to Foxconn, okay And Foxconn, Ohio Foxconn in Lordstown, Ohio Foxconn bought the Lordstown Manufacturing facility. So let's listen a little further That's the plan Recently announced their entry into the electric vehicle industry see that recently announced their entry into the electric vehicle space Okay, did you hear that and high tower Let's just play that again Okay, let's let's see if I can find that now there's a still that's High tower that is the president and CEO of Lordstown Motors Who is also the CEO of the joint venture between? Foxconn and Lordstown Motors this is The X founder CEO of Neo who is the head of Foxconn's M I H motion in harmony program, which is going to be executed under the joint venture the MED joint venture of which High tower is also the CEO and I'm gonna explain this in a minute. Let's just keep watching Titans of the industry Like I said high tower and the ex-neo guy That's the Lordstown plant which Lordstown Motors Under DJ Dan Neavarje sold Lordstown motors sold this plant to Foxconn and moved under the direction of DJ Dan Neavarje to an asset light Manufacturing program whereby Foxconn would take over this asset and Lordstown would become a Engineering and design entity that used this asset to produce mass mass produce contract manufactured machine vehicles Through Foxconn. All right complicated enough anyway, they're in Lordstown Now they're saying Foxconn I Want to I want to preface the rest of this by saying There's nothing wrong with Foxconn and they are doing a dramatic pivot of their corporation, but Foxconn does not know how to build better electric vehicles. They know how to build electronics Lordstown motors is bringing the design and engineering and automobile industry know-how To this equation it is absolutely critical to Foxconn Let's go on Manufacturer needed to have the ability to build cars at scale with an eye for quality and cost efficiency See when they're talking about quality and cost efficiency That's the Foxconn branding Call out quality iPhone builds and efficiency and Foxconn Has made a point in prior press conferences that they're going to bring the supply chain to this facility And that's where they're going to get the efficiencies. They're taking over the manufacturing of the automobiles I would say they have taken under their wing over 400 Lordstown motors employees who are running this plant. So it is a Foxconn plant The engineering is the PV engineering is being done by Lordstown and the workers that are presently in the plant Are Lordstown workers now it is Foxconn, but you know Under behind a curtain it's Lordstown motors now Of course Foxconn has plowed tons of money into this plant modernized it They're going to be bringing on more staff but The point I'm making here is that Lordstown motors is absolutely critical to this effort and just shepherding through them through this effort And when they well, let's just move forward At the same time the Indy one also required a manufacturer with their eye on the future and an understanding and love of cutting-edge technology Foxconn offers both of those We at Indy EV are incredibly impressed by how Foxconn is built here Foxconn has improved the factory, but under Steve Burns Lordstown motors put 500 million dollars Into this manufacturing facility. This is really a state-of-the-art PV manufacturing facility Now those are hub motors this This hub motor line is owned by Lordstown motors. It's being run by Foxconn and If they're showing them I'm beginning to believe that this is going to be an MAH platform vehicle The one with hub motors But again, this is Lordstown's IP This is Lordstown's line, which they started long before Foxconn was involved And we're excited to bring customers a great electric vehicle made here in America Okay This is Indy EV unveils their new prototype electric car just one of several planned operations in Lordstown Good evening and thanks for joining us. I'm Lindsay Watson Now this first there was the Lordstown motors endurance electric pickup Then we learned an all-electric autonomous farm tractor will be built in the valley by Foxconn The next agreement was unveiled this morning in Lordstown and Foxconn executives predict. It won't be the last Here's first new senior reporter Jerry Raciuti Foxconn workers stood in line for their chance to ride around the plant in the latest model to be built in Lordstown Now Lordstown motors is going to play a role in all of these the endurance obviously This is the IDV one and the monarch tractor Also, I do believe has to be brought into full production Again, Lordstown motors is going to play a major role in this. So I got some flow charts We're going to go over this in a minute the Indy EV Indy one Foxconn's Rick Raji says this is the third deal the electronics maker is struck with other companies Just in the five months since taking possession of what had once been the GM complex telling workers This will be the future of the industry trust me 2030 We will Have a huge penetration of electric autonomous connected vehicles across United States and globe For now Foxconn will build only prototypes of the Indy one which feature powerful computers and multiple screens For streaming internet content and gaming Indy EV executives say the I Think that they are Misstating that misreporting that I mean or they're Sandbagging what's going on of course they're going to build prototypes prototypes already built Lordstown motors is going to take this to production Notions of muscle cars with loud engines and fast speeds will become things of the past It's going to become more and more about what you can do inside of that vehicle What your vehicle can do for you rather than some numbers on a paper in this ever-increasing world where there are so many things In a car that can be distracting to the driver Indy ev spokesperson tells me today This is a very cool car the only thing the driver is going to see is information about the car itself This is going to be for content creators only to the shotgun passenger for that infotainment experience And then once you park the car you're able to switch that center screen over new prototypes are expected early in 2023 and mass production possibly here later in the year as for the next big unveiling my plan He used to have recurred. I'm just going to say according to the latest information from IDV That is a done deal. So this is a little earlier report where they were couching it a bit This is a done deal now drink events in Lordstown Jerry Ritchie WKD and 27 first new Okay, that was a little earlier report to give you a flavor for the vehicle now As I said, they're talking about prototypes here. They're talking about mass manufacturing in the previous video Which is the most recent video. Believe me. This is going into production. Let's see if I can move forward here This is the individual that was standing next to high tower that met with IDV and This is Jack Chang Chief executive officer at Foxconn for MIH Which is their motion in harm and harmony platform, which is going to be the Android skateboard for electric vehicles Here's the thing about Jack Chang He's the founder of a co-founder of Nia Okay, so this is This is a big-time guy. All right, he met with them Obviously this this vehicle is going to be on an image platform And high tower was there Lordstown voters is going to engineer it because guess what? They don't know the Foxconn doesn't have any be be people. Let's just move to the next tab here This is the high tower Now this is the guy that was standing next to Chang and the guy in the last video was Foxconn's head of America, I believe you can you can research that yourself, but he was a totally different executive as you know he wasn't involved in this presentation because He's an administrative guy and he's a Foxconn guy and he's Probably a supply chain guy, but this is high tower for those of you that don't know He's the CEO and president of Lordstown Motors And he's also the CEO of MIH EV design Okay So and he's also a board member so that this this is who we're working with here And this might not be quite up to date, but the point is high tower What I'm trying to demonstrate here is how involved Lordstown Motors is in this effort by Foxconn And let me see if I can go to the next step now. This is a hand-fisted flow chart. I've drawn to try to inculcate Into especially the financial analysts who are seem to be a little too, you know stupid to understand this You have Foxconn here Gigantic company electronics manufacturer build every iPhone ever made. Okay Never built a BV before worked with Luxgen. They have some prototypes going around They got a bus on the road in Taiwan right now that I think Luxgen built This is Lordstown Motors. Lordstown Motors is on Nasdaq symbol ride They were the original owners of the plant in Lordstown, Ohio, which Foxconn bought They have a complete and I'm gonna do a video on this. I keep threatening about it I want to keep this one short a complete staff there of executives capable of running that factory and Doing the engineering work required to bring a Battery electric vehicle from concept to production Okay Now they have staff in Orange County in Detroit and in Ohio now these two Formed a joint venture. It's the NIH electric vehicle development joint venture LLC Foxconn owns 55% Lordstown Motor Zones 45% this is the entity which Indie V met with Okay, they're saying Foxconn, but what they met what who they met with is this entity here and The reason they had high turret the meeting is because he's the president. He's the CEO of this entity He's also the CEO of Lordstown Motors See how deeply involved Lordstown Motors is now Indie V They have a pusher. They have a show car You know plywood fiberglass whatever Not even close to being a finished vehicle, but conceptually what they want to do They have come Okay, and again Foxconn Lordstown joint venture Med G JV. This is where Indie V has come to get their car They brought their show car there. They want to make it now. Let's move on to the next chart Feel like Ross Perot. Nobody remembers him This is this is a continuation of this chart we're going from this point here Okay Indie V Again, they got a prototype. They got a show car. They got a pusher. It's fly with its fiberglass. I'm not denigrating them I think it's a cool car. I think it's gonna sell like crazy You can edit video in it you can twit you can live stream the twitch in it you can I mean come on anyway So Indie V they brought their prototype to the ME ME D MIH general joint venture which is Lordstown and Foxconn Foxconn The role they are gonna play In my opinion, I'm pretty you know, I'm pretty certain on this I mean, you know, let's just say this is what they're gonna do Foxconn is gonna bring the supply train To this effort Okay, and they are gonna bring it make sure that there is just in time inventory or however They want to do it that everything is there to mass produce this vehicle and they also are going to be in charge of the contract manufacturer production of this vehicle now They're gonna In my opinion the supply chain, they're definitely gonna do they're gonna integrate that supply chain into a very complex Manufacturing scheme there because they're gonna be manufacturing. I believe six vehicles there so far So it's gonna be a very complex ballet Getting right parts in the right place at the right time And they're gonna be responsible for that they also Are going to hire and train all of the people that are gonna work in that manufacturing facility And by the way as I said previously the people working there right now are all Lordstown motors people that went over and joined Foxconn and they're obviously going to train the new people coming on and Foxconn is gonna use them as a template for what to do And I am absolutely certain that they are getting Ongoing advice from the Lordstown motors staff on all of this because I am gonna do Video on the executive suite at Lordstown. Let me tell you This is this is a big-time executive suite. This is these guys are all in Damn the torpedoes fears for other. This is a big deal Okay. Now, this is what Foxconn is gonna do supply chain contract manufacturing production They're gonna put the money up front for everything before anything gets paid for by the client, you know, they're gonna they're gonna set everything up, too What's Lordstown motors gonna do their 45% partner? They're gonna design this they're gonna take this from the prototype They're gonna design it into a real vehicle and They're gonna engineer it so there's gonna pass crash tests. So there's gonna be Manufacturable, okay, they're gonna homologate it to make sure that it's legal to sell across all 50 states and across the world They're gonna certify it that is they're gonna certify all the parts and and everything that's in this vehicle and certify the certification Involves meeting certain standards of manufacturing materials and so forth They are gonna take this right up to building pre-production vehicles Which are? 99% of the final vehicle This is what Lordstown is gonna do. They're gonna get the EPA ratings on this They're gonna get the crash test ratings on this again They're gonna have all everything certified and homologated for in case there's recalls and that's what that's all about And they're gonna take it right up To the PPV and they're gonna test that PPV and they're gonna make the necessary changes Okay, and they're gonna do all the program management of all this development Right up to production and they're gonna do this for all the vehicles that are involved with this joint venture At the point where they get this to being a production a commercial vehicle Production vehicle for sale to the public. They're gonna hand off the Foxconn Foxconn's gonna take over the contract manufacturer So they're gonna be given a bill of materials that they have to source all the parts for Lordstown is gonna go through the manufacturing process with them And they're gonna set up the manufacturing steps. I know Lordstown has got some very big time Quality people that are going to be involved in this manufacturing. I have absolutely no doubt Along with working side-by-side with Foxconn and of course Foxconn is gonna front all the money for this before the fees start coming in And what's gonna happen is LMC is gonna design all this it's gonna be based on the MIH platform. I Believe it's gonna have hub motors They're gonna engineer all a blah blah blah Foxconn's gonna take it to the production and what's gonna spit out at the end The battery electric vehicle So guys this is how everything is is going to work there I'm trying to give everybody an idea of what's going on at Lordstown. Nobody seems to get it Nobody seems to I'm talking about the business press here in the analysts. I'll tell you You know these people this is Foxconn. This is You know, this is the goal. You know, this is gonna be One of the top BV manufacturers by 2024 in my opinion It's gonna be right beside Tesla Okay, and Lordstown Motors is gonna play a critical role and Every step of this process it is going to be interwoven into this entity and It is really going to be one big conglomerate there and I just want to tell everybody And I don't make stock recommendations and do your ODD. This is a high-risk investment but this is an opportunity to get in on this system on this Pivot of Foxconn with an NASDAQ traded stock symbol RIDE of Lordstown Motors That's gonna be in the middle of all this now Here's the thing. I want to go through this everybody's saying well How is Lordstown Motors gonna raise money? Well, first of all, they have zero debt Second of all, they have several more tranches of I don't know. I believe it's a hunt. I'm not sure of the amount. I there was I believe. Oh, I Don't know that was 500 million at least with the The firm that has given them a stock for cash revolving line of credit You can look at my video on that funding secured, but anyone saying well, how is Lordstown? You know, they're going broke. They got 200 million in the bank. What are they gonna do? Here's what they're gonna do There are 45% owners and this joint venture This joint venture is going to create all kind of fees for this engineering and setting up this Manufacturing, okay, this is going through the joint venture okay now 45% of fees a generator going to go back to Foxconn through the Lordstown motors through the joint venture That's how they're going to fund the business. That's how they're going to build their pickup trucks That's how they're going to build their fleet vehicles along with capital raises Along whatever other debt instruments they may decide to use they have no debt but this is what Danny of Augie and Angie strand and I'm sure hightower had a lot to do with it and crawl This is what they have engineered and Once this flywheel gets spinning This is how they're going to finance the company. Anyway, that's it guys. I want to keep this video short Thanks for watching. This is mx ux Good luck in the market