Foxtron reveals Model B concept and contract with Indiev
Foxtron, the automotive division of Taiwanese electronics company Foxconn, has given a first preview of its Model B electric hatchback. The complete vehicle will be unveiled in a week and a half. The company has also signed a manufacturing agreement with Indiev.
The Model B premiere is to take place on 18 October at Foxconn’s Technology Day – at the same time as the Paris Motor Show. Faxtron has already confirmed that the Model B will be based on its open-source platform MiH but has not yet given any further details about the vehicle’s electric drive.
The British publication Autocar speculates that the vehicle is designed in such a way that both a single-motor variant and an electric-all-wheel drive with two motors should be possible. According to Autocar, although the vehicle has only been announced as a concept, the Model B is expected to go into production relatively unchanged as part of an expanded Foxtron range. The article assumes that the Model B will be built at the Lordstown factory in Ohio, which was acquired in 2021.
According to Foxconn CEO Yang-Wei Liu, the development of the Model E electric car is said to be nearing completion, with production likely to start in the second quarter of 2023. This vehicle is still being built in Taiwan.
Foxtron was founded in 2020 as a joint venture between Foxconn and the Taiwanese car manufacturer Yulon. The aim was to produce its own vehicles but also contract manufacturing for third-party customers. The new joint venture has made such an agreement with, for example, Fisker for the Pear compact car, but also with more established companies like Chinese Automotive giant Geely. Foxtron and its parent company Foxconn are well-positioned to serve international markets and have solid battery supply agreements.
The Taiwanese electric carmaker has another production order from a third-party customer on the horizon: This week, Foxconn and LA-based company Indiev signed a memorandum of understanding to produce prototypes of the model INDI One in Ohio. Jerry Hsiao, Foxconn’s chief product office, said: “Our MOU with Indiev marks the beginning of many more discussions to come regarding the future of EV manufacturing in Ohio. Throughout this process, Foxconn is confident in its Ohio workforce to manufacture quality prototypes that will help Indiev achieve future success.” Details of the potential collaboration beyond prototyping will be announced at a later date as both sides are still in negotiations.