Friday, August 16, 2024

GET ME REWRITE: Foxconn plans to launch Lordstown II in Zhengzhou, China

 
Screenshot of video by Retiring Guy
HeadlineNew York Times, 8/14/2024
At an old General Motors plant in Ohio that it bought from Lordstown Motors, which filed for bankruptcy last year, Foxconn makes a small number of electric buses. 
At home in Taiwan in 2021, Foxconn set up a joint venture with the Taiwanese carmaker Yulon Motor to make luxury sedans, sport utility vehicles and buses under the name Foxtron. On Wednesday, Foxconn said it had delivered 5,400 cars for Yulon this year. 
Foxconn’s limited output to date is not near the scale it would take to compete with China’s top electric car makers. 
“You can hand build those at that volume,” said Tu Le, a managing director of the consultancy Sino Auto Insights.

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