TAIPEI, Taiwan—Foxconn Technology Group plans to mass-produce several types of electric vehicles, including the Model C (a recreational vehicle), the Model E sedan and the Model T bus. The Model E, which was designed by legendary Italian stylist Pininfarina, is a luxury vehicle that will serve as Foxconn’s flagship product. It will accelerate from 0 to 60 mph in 2.8 seconds and feature a 466-mile cruising range.
Foxconn also recently formed a strategic partnership with Lordstown Motors Corp., a startup that has been trying to launch an electric pickup truck at a former General Motors assembly plant near Youngstown, OH. The agreement between both companies will enable Lordstown Motors to leverage the contract manufacturing expertise of Foxconn.
“We have high expectations through this partnership that we will be able to successfully integrate our resources with Lordstown Motors,” says Young Liu, chairman of Hon Hai Technology Group (the official name of Foxconn). “In addition to achieving the goal of moving ahead our timeline to establish electric vehicle production capacity in North America, it also reflects [our] flexibility in providing design and production services for different EV customers.
“This mutually beneficial relationship is an important milestone for [our] EV business and our transformation strategy,” explains Liu. “I believe that the innovative design of the Endurance pickup truck, with its unique hub motors, delivers an advantageous user experience and has manufacturing efficiencies. It will undoubtedly thrive under our partnership and business model.”
In addition, the Lordstown plant will support the production efforts of Fisker Inc., a Foxconn customer planning to launch a line of EVs. Foxconn has also expressed interest in producing EVs at its controversial manufacturing campus in Pleasant Prairie, WI, which is located between Chicago and Milwaukee.