Foxconn reaches deal to build indievs ev prototype in ohio
INDIEV and Foxconn have signed a Memorandum of Understanding (MOU) which is expected to enable the company to manufacture the first INDI One prototype vehicles at its facilities in Ohio.
Foxconn, one of the world's largest contract makers of personal computers (PCs), smartphones, and tablets, is making a significant investment in building an EV prototype manufacturing facility. The company will join INDIEV to develop a process to mass produce the INDI One EV.
"The INDI One is a unique vehicle and it demands the highest quality of automotive craftsmanship as well as consumer electronics manufacturing and engineering. Partnering with Foxconn, the world's leader in consumer electronics, during this exciting time in their entry into electric vehicles means that INDI One drivers will lead the way into the future of personal transit."INDIEV founder and CEO Shi Hai stated.
On May 2022, Foxconn announced that it had assumed operations at its Ohio facility after completing an Asset Purchase Agreement (APA) with Lordstown Motors. Through this deal, Foxconn acquired Lordstown's manufacturing facility and its entire workforce, which is currently being used to produce electric pickup trucks.
This MOU will give Foxconn access to a more advanced manufacturing technology than it currently possesses as well as a workforce that can be trained on how to produce highly automated vehicles at scale.
Foxconn Chief Product Officer Jerry Hsiao said: "Our MOU with INDIEV marks the beginning of many more discussions to come regarding the future of EV manufacturing in Ohio. Throughout this process, Foxconn is confident in its Ohio workforce to manufacture quality prototypes that will help INDIEV achieve future success,".
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