Lordstown Motors News -Foxconn is experiencing slower Iphone revenue and problems managing the SHARP merger - Looks like Lordstown Motors stock price, management and technology may not be the problem? See a full report below...
FOXCONN BEV STATUS: The goal of bringing LEX into the Foxconn BEV pivot was to provide two types of expertise - 1.) Automobile Manufacturing Certification & Homologation - how to deal with the red tape of regulation and get a BEV to market. 2.) BEV manufacturing / engineering expertise - Foxconn assembles products and make components - it has no expertise in the design and engineering of a BEV.
Lordstown Ohio is the world HQ for FOXCONN BEV manufacturing. Without LEX (Lordstown Motors) FOXCONN has little or no expertise in the factors mentioned above. It could take FOXCONN two or more years to put together the skill set LEX would provide, and perhaps even longer to get to a production BEV. With LEX FOXCONN could get to BEV Production in 18 months or less depending on the vehicle - that is a commercial BEV for sale to the public. Hard to understand the rationale for FOXCONN balking at this deal, especially when they likely have customers waiting for their CDMS BEV services and have several BEV's including a robo taxi waiting to get into a manufacturing program.
We will have to see of this deal can get done - it would seem to make sense on the face of it for both parties.
Good luck in the market - MXUX
RECENT NOTES ON LEX:
The Endurance and LEX are really the only BEV OEM in a position to take fleet market share - as that is needed is a ramp to full mass production.
This is a link to Ford's most recent earnings report review by CNBC - note fleet / commercial sales revenue - the biggest reported - this is the same market the present Lordstown Endurance BEV Pick Up is being delivered to:
https://www.cnbc.com/video/2023/05/02/ford-beats-on-top-and-bottom-lines-boosted-by-fleet-and-legacy-truck-divisions.html
This is a link to a video from Stoic Finance just released with some interesting commentary on political ramifications re: Black Rock: https://youtu.be/JzuMZpxzgK0
Good luck in the market - MXUX
www.mxux.studio on the web.
Just search Google for "MXUX Podcast" for podcasts of bonus material on TESLA, LMX, APTERA ...
Buy Me a Coffee: ☕ https://www.buymeacoffee.com/mxux4realx
💵 Content on Patreon -- https://www.patreon.com/user?u=83602378
Disclaimer Please Read and Note: $RIDE (Lordstown Motors) is a high risk/risk on investment - please know and understand the risk associated with this security - do your own due diligence - presented materials are not a recommendation to buy, sell or hold any security. Not an engineer, accountant, lawyer or financial advisor. This is not financial advice. Do not buy, sell or hold securities based on this information. This is a business case study. Please do your own DD and confirm the presented material to your own satisfaction.
