Foxconn

The Lordstown (RIDE) and Foxconn dispute is heating up. American EV startup Lordstown (RIDE) said in an SEC filing Friday it’s planning to take legal action against Foxconn over its latest investment agreement.

EV start-up Lordstown (RIDE) just hit another major hurdle in its journey to bring the Endurance electric pickup to market. According to an SEC filing on Monday, Lordstown may be facing bankruptcy after Foxconn, which has been a lifeline for the company thus far, signaled an end to their investment agreement.

Taiwanese contract manufacturer Foxconn has commenced production of the first MK-V all-electric tractors for Monarch under a previously announced manufacturing agreement. The first tractors recently rolled off assembly lines at the well-known Lordstown production facility in Ohio.

Following an announcement in May that it would be reviving its off-road Scout brand for an all-electric future, Volkswagen is reportedly in talks with contract manufacturer Foxconn to help manufacture the vehicles. Additionally, VW is considering Magna Steyr as another notable option.

Global tech company Foxconn has announced it will invest at least another $70 million and up to $170 million total in EV startup Lordstown Motors. Foxconn’s $70M investment in Common Stock shares of Lordstown will help the company with its corporate strategy, while the two parties are shifting their previously announced $100 million joint venture into a Preferred Stock investment that will fund a “new EV program” run within Lordstown Motors instead.

Foxconn, the Taiwan-based manufacturing giant, says that it wants to build electric vehicles for Tesla like it builds iPhones for Apple.

Foxconn, the Taiwan-based manufacturing giant, has unveiled a new electric pickup truck and a new electric crossover that will apparently make it to the US.

Foxconn has signed its first contract manufacturing agreement since acquiring a Ohio facility from Lordstown Motors. In addition to building EVs for Lordstown and Fisker Inc., Foxconn will now also be manufacturing advanced, driver optional electric tractors and battery packs for Monarch Tractors.

Less than twenty-four hours after announcing the closing of its purchase of an Ohio assembly plant from Lordstown Motors, Foxconn and its partner Fisker Inc. announced the facility will soon be home to production of the latter’s upcoming PEAR EV.

Back in an unassuming corner near the exit of the ACT Expo at the Long Beach convention center sits a black Lordstown Motors Endurance pickup. As at least two ACT attendees asked questions about the prototype, its manufacturers were publicly announcing the official sale of its assembly plant. Lordstown Motors has officially closed its deal with Foxconn, who will now build the former’s Endurance pickup under a new joint venture (JV) and manufacturing contract.

Famous as a major iPhone assembler and would-be electric carmaker, Foxconn chairman Young Liu said on Sunday that electric pickup trucks will begin rolling out of the Lordstown, Ohio plant in the second half of this year.

The Foxconn-backed MIH “open source” EV platform project took significant steps towards being able to offer a complete, modern vehicle solution by forming an alliance with the AI experts at Autoware Foundation. The move will help accelerate the development of an integrated ADAS solution for the platform.

Everywhere you look, you can see signs of an automotive market that’s been hit hard by a silicon “chip shortage.” Everywhere that is, except Tesla, where a more flexible, software-focused approach and sturdier grip on its critical parts supplies have allowed the company to nearly double its deliveries from the year before. Over in China, Geely and Foxconn have taken notice.

At an event today, Foxconn unveiled three new electric vehicles: a sedan, an SUV, and a bus.

The manufacturing giant appears to be flexing its muscles ahead of becoming a manufacturer for other EV brands.

Foxconn, best known as Apple’s iPhone manufacturer, has been working on electric cars and now its first vehicle has been spotted ahead of the unveiling.

It’s being marketed under the Foxtron brand.

Foxconn, a major assembler of the iPhone, announced plans to build EV manufacturing plants in the US and Thailand next year, with mass production scheduled for 2023. With this move, Foxconn looks to leap from the slowing wave of smartphone manufacturing to the tidal surge of EV demand.

Fisker Inc. has offered an update to its recently announced deal with Foxconn to develop an affordable EV together. Although the original news surfaced months ago, Fisker and Foxconn have now shared that they anticipate this EV to cost under $30,000 before tax incentives.

Taiwanese electronics manufacturer Foxconn recently revealed it is considering its Wisconsin facility to produce its first electric vehicle. The international electronics juggernaut is strategizing for contract manufacturing of electric vehicles in North America. The company’s president recently told the media that Foxconn is debating between its Wisconsin facility or one of its plants in Mexico to produce EVs for clients.

Fisker, Henrik Fisker’s latest electric vehicle startup, wants to build an electric vehicle with Foxconn, a massive Chinese company better known for being an Apple supplier.