Foxconn has completed the purchase of its Lordstown plant in Ohio and will now turn the facility into “an important electric vehicle manufacturing hub in North America.”
The deal was originally announced last year and its completion means that about 400 Lordstown Motors employees will now work for Foxconn.
Also read: Foxconn has completed the purchase of its Ohio plant in Lordstown
In addition, Foxconn and Lordstown have announced the signing of a new contract for product development and a joint venture agreement. Foxconn will invest $ 55 (£ 45 / € 53) million in the new joint venture and hold a 55% majority stake.
Under the terms of the agreement, Foxconn and Lordstown “will use the Mobility in Harmony (MIH) Open EV platform to co-design and develop vehicle programs for the global commercial vehicle market.” The companies will work together to bring Endurance pickups to market.
Fischer Pier will be built by Foxconn in Ohio
Since everyone likes a little three-way action, Fischer has announced that electric piers will be built at Foxconn’s newly acquired plant in Ohio. Production will begin in 2024, and companies expect to build a minimum of 250,000 units annually after the initial ramp-up period.
The pear will cost less than $ 29,900 before the incentive, and the model is designed and engineered for “fast, simplified production”. The car will be housed in a new architecture, which will also be used to underpin two additional vehicles.
Little is known about the peer at the moment, but Fischer used the announcement to release a new teaser image. As you can see, it follows in the footsteps of the ocean, but adopts a distinctive “rapround front windscreen inspired by a glider plane glass canopy”.
We also see a curved A-column, pronounced wheel arch, and flush-mounted door handle. They are joined by pixelated light accents, an angular shoulder line and huge wheels.