LORDSTOWN — Foxconn has signed a deal that could lead to the production of a fourth battery-powered vehicle at the Taiwanese electronics and technology giant’s Lordstown assembly plant.
It’s with INDI EV Inc. to assemble prototype vehicles from Los Angeles-based startup INDI One – described by the company as the first-ever vehicle with an in-vehicle computer capable of high-end gaming and learning habits of the driver.
The companies announced on Wednesday that they had signed a memorandum of understanding, which contains a binding agreement to produce the prototypes at Lordstown.
Details of the potential collaboration, beyond building the prototype, will be released later as negotiations continue.
“Our MOU with INDI EV marks the beginning of many more discussions to come regarding the future of electric vehicle manufacturing in Ohio. Throughout this process, Foxconn trusts its workforce of Ohio to build quality prototypes that will help INDI EV succeed in the future,” said Jerry Hsiao, Foxconn Product Manager,
INDI EV Founder and CEO Shi Hai said of the partnership, “The INDI One is a unique vehicle in that it demands the highest quality of automotive manufacturing as well as manufacturing and engineering. consumer electronics. Partnering with Foxconn, the world leader in consumer electronics, during this exciting time of their entry into electric vehicles means INDI One drivers will lead the way into the future of personal transportation.
ABOUT INDI ONE
According to the company, pre-orders for the vehicle opened on April 13 and it expects customers to start taking delivery in the second quarter of 2023.
The INDI One has a starting price of $45,000 and a top model will cost $69,000. Customers are eligible for a federal tax credit of up to $7,500. Development of the vehicle began in 2017. It was revealed to the public in October 2021.
The built-in computer, backed by an open-source network and a software development kit for third-party developers, offers a range of multimedia and hardware services, including a personalized virtual assistant “equipped to learn your habits and improve your life”, as well that game, according to INDI EV, Inc.
The software also allows drivers – not drivers – to capture content while the vehicle is moving with interior and exterior cameras, stream live video, and shoot, edit, and upload content to the cloud from the vehicle interior.
“As the adoption of electric vehicles increases, future generations will make their purchasing decisions based on the computing power of the vehicles and how their technology supports and enhances their lives. We are confident that INDI EV is well positioned to capture the hearts and minds of these buyers,” said Andre Hudson, head of design for the company.
The vehicles interior uses sustainable recycled materials and offers 43 cubic feet of cargo space behind the second row of seats. The dashboard has a central 15-inch screen for infotainment and navigation and another 15-inch screen for passengers.
In the center armrest are a wireless phone charger, USB ports and a small cooler that can hold up to four cans.
The INDI One is all-wheel drive and comes with two battery options – the base model has a 75 kilowatt battery with a range of 230 miles, and the top model has a 95 kilowatt battery with a range of 300 miles and producing 470 horsepower. It has a top speed of 130mph and can hit 60mph in 4.2 seconds, according to the company.
Since acquiring the former General Motors factory of approximately 6.2 million square feet from Lordstown Motors Corp. in May for 230 million dollars, Foxconn transformed the capacities of the factory.
With the acquisition, Foxconn became the contract manufacturer of Lordstown Motors’ first vehicle, the Endurance pickup truck, and also announced a partnership with Monarch Tractor to mass-produce the Livermore, Utah-based company’s MK-V Series tractor. California, a battery-powered driverless tractor.
Foxconn had already entered into a manufacturing agreement with another California-based electric vehicle automaker, Fisker Inc., to produce its second vehicle, the PEAR, or Personal Electric Automotive Revolution, which will also be manufactured in Lordstown.
Lordstown Motors announced last week that commercial production of the Endurance has begun. It plans to deliver 50 trucks to customers this year, and up to 450 more in the first half of 2023, provided it can raise enough capital.
Production of the PEAR is scheduled for 2024 and for the MK-V Series tractor, in the first quarter of 2023.