Hon Hai: Expected to produce Endurance electric pickup in Q3 this year

On June 27, according to the Financial Associated Press, Hon Hai announced on the morning of the 27th that it would spend US$13.5 million, or approximately NT$400 million, to obtain notes issued by Lordstown EV Corporations, a subsidiary of its partner Lordstown Motors (RIDE-US). .

Hon Hai said that the purpose of obtaining the notes is for short-term financial investment, and the source of funds is its own funds; it is understood that Hon Hai can obtain fixed interest income through this investment.

Hon Hai expects to begin production of Lordstown Motors' first electric pickup, the Endurance, at its Ohio plant in the United States in the third quarter of this year.

In addition, Hon Hai is also working closely with another customer, Fisker, on vehicle design and supply chain. Hon Hai’s Ohio plant is also undergoing production line transformation and upgrading, and it is expected to be in place in the first quarter of next year.

According to the cooperation plan between Hon Hai and Fisker, Hon Hai will mass-produce Fisker's second electric vehicle PEAR in 2024, and theannual output isexpected to reach 250,000 units in the future.

And Xiao Caiyou, chief product officer of Hon Hai, recently revealed that the Ohio factory is negotiating another new customer.