There is good news about the Lordstown Endurance

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The goal of this business plan is to provide smaller automakers with a faster cycle from concept to production. The MIH platform will be very flexible and can be used for multiple applications.

“Lordstown Motors’ strong technical and product development capabilities provide LMC with a globally scalable vehicle development platform in North America, accelerating EV development, reducing product development costs and expanding the breadth of LMC’s product portfolio over time,” said Lordstown in a statement.

“The closing of the Foxconn APA and the completion of a joint venture agreement to develop new electric vehicles using Foxconn’s MIH platform are important milestones for LMC,” said Daniel Ninivaggi, CEO of Lordstown Motors. “Our strategic partnership with Foxconn provides LMC with a flexible and less capital-intensive business model, access to broad supply chain and software capabilities, and an effective vehicle development platform to bring EVs to market faster and more efficiently. I have always believed strongly in what Foxconn is doing to accelerate the adoption of electric vehicles, and we are proud to be their partner.”

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