I was pretty amazed how good the terms of the Foxconn deal were for Lordstown. I think this company is set up to be a force and it’s being underestimated and undervalued right now.
Wish you all the best Mr. Hightower. There are numerous small start-ups vying for limelight; you certainly deserve to compete for a share. Interesting that you'll be offering skateboards to all competitors. Please consider offering Pffiefer (Oskosh) your skateboard so he can tie up with Dejoy (postmaster general, NB, XPO?)l) for a new electric postal van.
The Endurance skateboard was created from the Workhorse W15 which was born out of the Workhorse NGDV. Had Workhorse gotten the USPS contract they wound have used the same chassis as the Endurance and would have been built in Lordstown. This was the original plan and would have provided LMC with plenty of capital to bring the Endurance to market. When the USPS decided to go with Oshkosh, that all went out the window and left LMC scrambling to find capital to bring the Endurance to market. Listen to 1:00 to 1:15 in this video - ua-cam.com/video/vpLvCF34a_I/v-deo.html
I really think the truth is that the pickup they've been showing us needed to go on sale last year to be something people would actually buy. Maybe, with huge discounts or something, you could get some commercial users, but I don't see why even they would choose it over a Ford.
This sounds like a great opportunity for Foxconn to learn how to make cars and trucks. They should be able to keep costs low if they make most of the parts in China and do minimal assembly in the U.S.. I wonder how costs compare to Ford's Mach-E production in Mexico and China.
@@patrickjvanhuffel Correct me if I'm wrong, but I thought that Foxconn (a Taiwanese company) has most of its manufacturing in the People's Republic of China.
@@JohnPMiller like many other companies in a similar situation - they've been de-investing from China since befor Covid. There are all sorts of political and economic reasons to do so. That doesn't mean that they will succeed in US, of course. But EV vehicle manufacturing is a lot less labor intensive than the traditional ICE is. It makes sense to keep automated production local.
I think the Magna/Foxconn business model really is the way to go for start up companies who want to actually stay in business for more than 5 minutes without losing double-digit billions before launch... And even then I have my doubts... I.e. Fisker Pear/Ocean, anything by Lordstown after its shady origin story... etc.
This is the way in terms of electronic component acquisition. Instead of being a startup small fish in a giant pond, you can leverage infinite buying power across an almost infinite number of models.
Foxconn won't be using Hub Motors on their platform. Lordstown will be developing future vehicles based on the Foxconn platform. Hub Motors look like 'Dead-end Engineering' that will frighten potential Endurance customers.
Small Hub motors might make sense for the front wheels to add AWD. You get to eliminate the cv joints and half shafts. It also allows more room for the frunk. Keep the main powerful motor in the back.
@@joeclutchless1944 I generally don't like the idea of hub motors, but those are great ideas! I don't think I'd go with super low profile tires with hub motors.
I drive a 34 year old Ford E-150. Never have a problem finding parts or getting repairs. Lordstown Motors is doing design and manufacturing design, Foxconn is going to do the manufacturing. 34 years from now who will be responsible for parts, technical training etc., - sounds like it will always be the "other" guy, and consequently I'd be surprised if these vehicles will maintain value.
@@theprez6100 That's reassuring. I guess the next question is: How does this not compete with the electric silverado. Are the parts coming from independent supply chain vendors or is GM involved, maybe as a hedge against the a late or different segmented silverado?
This video advocates in wheel motors has gotten my attention because industrial leaders told me that is insanely impossible. However illustration on page 19:00 in this video says another with in chassis motors. Which of above is correct?
I am an investor. Enough with the BS hype and hoopla already about the Endurance. I've heard it all before. Baja!!! If the Endurance can stack up to the competition, let members of the auto press ride, drive, and review the pick up truck. What is so hard about that?
Nice guy. Interesting engineering. Unfortunately I don't think any of this will result in financial success. He danced around some questions. They've exhausted most of their runway. Everybody's doing electric skateboards.
A bit to kind on the questions. I would appreciate a little more investigative follow up questions. Some answers was so vague that a politician would be proud with those answers.
This guy looks way too normal to run a start-up. Can anyone see him working every waking hour and sleeping on the factory floor? Because that’s what the competition does, and the competition has a decade head start.
The competition also kneecapped itself by going all in on automation. There's a reason Rivian and Ford are selling trucks and Tesla isn't. Elon is very smart, but he doesn't know everything.
Hey Edward ,did they tell you about all the toxic waste buried out back ? Is Foxxcon going to put barbed wire up to stop the employees from committing suicide ?
Bradley H / Maybe you better want a horse and a bogie. Wake up! The world changes and advances quickly around you, and you are still living in the past.
Bradley H / It is a figure of speech for smart people. It makes an allusion to the time when the only means of transportation were horses and steam locomotives, at the beggining of 1800. But from what I see you're not a... mentality spirited person.
@@mikel4879 must be for someone really smart indeed! I've heard the term horse and buggy, but you still haven't explained what a horse and bogie is. I'm the dumb one and you cant spell, even after it was pointed out....
Sorry, but I really don’t have much hope for Lordstown. Even the president doesn’t sound very hopeful to me; he said a lot during the interview… but didn’t really tell us much.
Well when you're being asked about what you will do, saying "we will" is how you would frame it. You're like the fox news debate moderator who asked trump if he would tell the proud boys to stand down and trump did it and then the news got on trump for giving orders to the proud boys.
SORRY MR. MAC, I HIT THAT DAMN COMMENT BUTTON BY MISTAKE AGAIN!! SO ANYWAY, HIGHTOWER ADMITS TO YOU THAT HE CAN'T GO INTO REGULAR PRODUCTION YET, BECAUSE IT'S COSTING HIM MORE TO BUILD THE TRUCK THAN IT'S PROPOSED SELLING PRICE?? WHICH IS $62,000.00?? AND HE THINKS THEY CAN MAKE 500 TRUCKS BY THE END OF THIS YEAR?? I DON'T THINK SO MR. MAC!! AND I'M NOT GOING TO ASK YOU FOR YOUR NUMBER HERE, BECAUSE YOU MIGHT WANT TO INTERVIEW THIS GUY AGAIN SOME DAY!! HE'D BETTER HOPE FOXCONN CAN FIND SOME WAYS TO GET THAT "BILL OF MATERIALS" PRICE DOWN ( maybe by asking Sandy Munro?? ) OR THERE'S NO SENSE OF BUILDING ANY TRUCKS AT A LOSS!! THANK YOU MR. McELROY. CHAS ORVIS, PLAINVILLE, CT. PS : DID YOU GET TO DRIVE SANDY'S ( opps!! Sue's ) RIVIAN YET??
Do you know that every EV company has raised the prices of their trucks ? The costs of batteries has gone up. Rivian raised their prices by 20%. If Lordstown could raise the price.
Let’s see… so they will enter a market late as a totally unknown cie, with no EV experience, no car design experience, no manufacturing experience, no software experience, an unknown support network, using first time used wheel hub tech, manufactured by a company with no significant car manufacturing experience, which already had a disastrous experience in Wisconsin, at an old plant. And that market will already have two of the three current suppliers to fleet customers with products in the market with an existing support network, with vehicles similar to existing ones. What could possibly go wrong? Oh yeah! Forgot, this vehicle is associated with the president who tried to overturn the last US elections… Did I get everything?
Foxconn is a world-class manufacturer and its manufacturing and JV contracts with Lordstown are way more solid than anything in WI. The Endurance is a fleet truck, and there is a lot of unmet demand there. Imo your only persuasive concern, and it’s admittedly a big one, is whether the hub motors perform. If they do, this succeeds. Its valuation right now is peanuts compared to other EV companies.
That did steal the election. Ex mayor pleads guilty to vote fraud. Go see the movie 2000 mules see exactly how and who stole the election. The idiots left a clear technological trail.
You are cluless, Lordstown not only bought the plant from GM, they also hired just about everyone back. Most peple hired have worked over 10 to 15 years even 25 years in that same plant for GM, building cars with same equipment. Now these employees work for foxconn to build same Endurance. Their are a lot of same engineers and technicians who have been working this plant for years. Also hired a lot of new talent. The truth is lordstown motors and foxconn have the most experienced team over any other startups. I will also say in a plant that has been producing vehicles for decades, which lordstown motors bought with alot of equipment still installed, that foxconn has now. This is not a new trial plant, with trial workers. In fact, from upper managemeant to lower level, they have legacy auto experience. That is why there are many paid spammers (paid by FORD and Unions) going after this company. They are the most feared by Ford in dealing with Fleet truck sales.
Everyone else is sold out for multiple years. Even so, I don’t have confidence that they will be around to honor warranty work years from now. Sorry LT - I wish you the best though.
@@dmiretti Hub motors seem to be a very good design on paper for sure. The question is how they'll do over time. (If I remember correctly the concern around hub motors is the weight and force-impact on them over time)
I was pretty amazed how good the terms of the Foxconn deal were for Lordstown. I think this company is set up to be a force and it’s being underestimated and undervalued right now.
Let’s go lordstown!
Wish you all the best Mr. Hightower. There are numerous small start-ups vying for limelight; you certainly deserve to compete for a share. Interesting that you'll be offering skateboards to all competitors. Please consider offering Pffiefer (Oskosh) your skateboard so he can tie up with Dejoy (postmaster general, NB, XPO?)l) for a new electric postal van.
The Endurance skateboard was created from the Workhorse W15 which was born out of the Workhorse NGDV. Had Workhorse gotten the USPS contract they wound have used the same chassis as the Endurance and would have been built in Lordstown. This was the original plan and would have provided LMC with plenty of capital to bring the Endurance to market. When the USPS decided to go with Oshkosh, that all went out the window and left LMC scrambling to find capital to bring the Endurance to market.
Listen to 1:00 to 1:15 in this video - ua-cam.com/video/vpLvCF34a_I/v-deo.html
The Wheel Hub motor is a great 💡. Looking forward to Q4
My BS meter was over half way with all the "we are managing it. will be in production by end of year. foxconn now owns the company. etc..."
I really think the truth is that the pickup they've been showing us needed to go on sale last year to be something people would actually buy.
Maybe, with huge discounts or something, you could get some commercial users, but I don't see why even they would choose it over a Ford.
@@nathanahubbard1975 Availability.
This sounds like a great opportunity for Foxconn to learn how to make cars and trucks. They should be able to keep costs low if they make most of the parts in China and do minimal assembly in the U.S.. I wonder how costs compare to Ford's Mach-E production in Mexico and China.
Foxconn is a Taiwanese company...
@@patrickjvanhuffel Correct me if I'm wrong, but I thought that Foxconn (a Taiwanese company) has most of its manufacturing in the People's Republic of China.
@@JohnPMiller like many other companies in a similar situation - they've been de-investing from China since befor Covid. There are all sorts of political and economic reasons to do so. That doesn't mean that they will succeed in US, of course. But EV vehicle manufacturing is a lot less labor intensive than the traditional ICE is. It makes sense to keep automated production local.
I'm super excited about this company and been monetarily invested for a while now.
Awesome topic
No chips - no batteries - no Lordstown Motors - period
Good luck working with Foxconn. Hopefully, there are plenty of people on staff who have dealt with Foxconn / Chinese CM's. Read the fine print.
Isn’t Foxconn Taiwanese?
I think the Magna/Foxconn business model really is the way to go for start up companies who want to actually stay in business for more than 5 minutes without losing double-digit billions before launch... And even then I have my doubts... I.e. Fisker Pear/Ocean, anything by Lordstown after its shady origin story... etc.
This is the way in terms of electronic component acquisition. Instead of being a startup small fish in a giant pond, you can leverage infinite buying power across an almost infinite number of models.
Foxconn won't be using Hub Motors on their platform.
Lordstown will be developing future vehicles based on the Foxconn platform.
Hub Motors look like 'Dead-end Engineering' that will frighten potential Endurance customers.
Small Hub motors might make sense for the front wheels to add AWD. You get to eliminate the cv joints and half shafts. It also allows more room for the frunk. Keep the main powerful motor in the back.
@@joeclutchless1944 I generally don't like the idea of hub motors, but those are great ideas! I don't think I'd go with super low profile tires with hub motors.
I drive a 34 year old Ford E-150. Never have a problem finding parts or getting repairs. Lordstown Motors is doing design and manufacturing design, Foxconn is going to do the manufacturing. 34 years from now who will be responsible for parts, technical training etc., - sounds like it will always be the "other" guy, and consequently I'd be surprised if these vehicles will maintain value.
The endurance is using the Chevy Silverado part bin for most of the non customer facing parts.
@@theprez6100 That's reassuring. I guess the next question is: How does this not compete with the electric silverado. Are the parts coming from independent supply chain vendors or is GM involved, maybe as a hedge against the a late or different segmented silverado?
This video advocates in wheel motors has gotten my attention because industrial leaders told me that is insanely impossible.
However illustration on page 19:00 in this video says another with in chassis motors.
Which of above is correct?
Hello from the near future.
It's nearly October 2022. Has production of consumer-intent vehicles started yet? If not, when?
The question now is HOW FAST CAN YOU MAKE A BUNCH OF THEM???
I am an investor. Enough with the BS hype and hoopla already about the Endurance. I've heard it all before. Baja!!!
If the Endurance can stack up to the competition, let members of the auto press ride, drive, and review the pick up truck. What is so hard about that?
Nice guy. Interesting engineering. Unfortunately I don't think any of this will result in financial success. He danced around some questions. They've exhausted most of their runway. Everybody's doing electric skateboards.
A bit to kind on the questions. I would appreciate a little more investigative follow up questions. Some answers was so vague that a politician would be proud with those answers.
I want a regular cab one just for my everyday driver.
I suspected Lordstown was a stock market scam. Can they change into a real vehicle company ??
No doubt it was a scam. If they are able to turn it around, it'll make one hell of a story.
This guy looks way too normal to run a start-up.
Can anyone see him working every waking hour and sleeping on the factory floor?
Because that’s what the competition does, and the competition has a decade head start.
The competition also kneecapped itself by going all in on automation. There's a reason Rivian and Ford are selling trucks and Tesla isn't. Elon is very smart, but he doesn't know everything.
Hey Edward ,did they tell you about all the toxic waste buried out back ? Is Foxxcon going to put barbed wire up to stop the employees from committing suicide ?
If foxconn absorbs RIDE, what will happen to the stocks? I am in a -80% loss now
If you’re only down 80%, that’s not as bad as it likely will be later
@@dmitchellhomes lol ya. When its finished
absorbed? he never said that
No ICE car news anymore please! We don't want ICE cars anymore.
Speak for yourself. I want ice news, not golf cart digest
Bradley H / Maybe you better want a horse and a bogie.
Wake up! The world changes and advances quickly around you, and you are still living in the past.
@@mikel4879 what is a horse and bogie?
Bradley H / It is a figure of speech for smart people.
It makes an allusion to the time when the only means of transportation were horses and steam locomotives, at the beggining of 1800.
But from what I see you're not a... mentality spirited person.
@@mikel4879 must be for someone really smart indeed! I've heard the term horse and buggy, but you still haven't explained what a horse and bogie is. I'm the dumb one and you cant spell, even after it was pointed out....
Apple Car!
Late this year? Ill believe it when I see it
This sounds like "Lordtown Vaporware Motors" is the cards.
Sorry, but I really don’t have much hope for Lordstown. Even the president doesn’t sound very hopeful to me; he said a lot during the interview… but didn’t really tell us much.
Hmmm I hear too many “we WILL”.
They can produce a vehicle, but not in big quantities or for profit…
Well when you're being asked about what you will do, saying "we will" is how you would frame it.
You're like the fox news debate moderator who asked trump if he would tell the proud boys to stand down and trump did it and then the news got on trump for giving orders to the proud boys.
until they deliver and in fairly decent volumes of actual cars we can drive and own its not going to inspire confidence totally IMHO...
Lordstown on death watch, it should not be much longer before they disappear.
If their Prezident thinks he needs EPA approvalz to sell an EV, then Lordstown Motors has BIG problems.
@@mikedx2706 EPA, like CAFE is involved with determining the viability of any vehicle. Don't be silly.
@@mikedx2706 mikewhy? Is that you?
SORRY MR. MAC, I HIT THAT DAMN COMMENT BUTTON BY MISTAKE AGAIN!! SO ANYWAY, HIGHTOWER ADMITS TO YOU THAT HE CAN'T GO INTO REGULAR PRODUCTION YET, BECAUSE IT'S COSTING HIM MORE TO BUILD THE TRUCK THAN IT'S PROPOSED SELLING PRICE?? WHICH IS $62,000.00?? AND HE THINKS THEY CAN MAKE 500 TRUCKS BY THE END OF THIS YEAR?? I DON'T THINK SO MR. MAC!! AND I'M NOT GOING TO ASK YOU FOR YOUR NUMBER HERE, BECAUSE YOU MIGHT WANT TO INTERVIEW THIS GUY AGAIN SOME DAY!! HE'D BETTER HOPE FOXCONN CAN FIND SOME WAYS TO GET THAT "BILL OF MATERIALS" PRICE DOWN ( maybe by asking Sandy Munro?? ) OR THERE'S NO SENSE OF BUILDING ANY TRUCKS AT A LOSS!! THANK YOU MR. McELROY. CHAS ORVIS, PLAINVILLE, CT. PS : DID YOU GET TO DRIVE SANDY'S ( opps!! Sue's ) RIVIAN YET??
Do you know that every EV company has raised the prices of their trucks ? The costs of batteries has gone up. Rivian raised their prices by 20%. If Lordstown could raise the price.
Let’s see… so they will enter a market late as a totally unknown cie, with no EV experience, no car design experience, no manufacturing experience, no software experience, an unknown support network, using first time used wheel hub tech, manufactured by a company with no significant car manufacturing experience, which already had a disastrous experience in Wisconsin, at an old plant.
And that market will already have two of the three current suppliers to fleet customers with products in the market with an existing support network, with vehicles similar to existing ones.
What could possibly go wrong? Oh yeah! Forgot, this vehicle is associated with the president who tried to overturn the last US elections…
Did I get everything?
Foxconn is a world-class manufacturer and its manufacturing and JV contracts with Lordstown are way more solid than anything in WI. The Endurance is a fleet truck, and there is a lot of unmet demand there. Imo your only persuasive concern, and it’s admittedly a big one, is whether the hub motors perform. If they do, this succeeds. Its valuation right now is peanuts compared to other EV companies.
That did steal the election. Ex mayor pleads guilty to vote fraud. Go see the movie 2000 mules see exactly how and who stole the election. The idiots left a clear technological trail.
@@gofannon1943 I have heard concerns about unsprung weight with in wheel motors. ( potholes ).
You are cluless, Lordstown not only bought the plant from GM, they also hired just about everyone back. Most peple hired have worked over 10 to 15 years even 25 years in that same plant for GM, building cars with same equipment. Now these employees work for foxconn to build same Endurance. Their are a lot of same engineers and technicians who have been working this plant for years. Also hired a lot of new talent. The truth is lordstown motors and foxconn have the most experienced team over any other startups. I will also say in a plant that has been producing vehicles for decades, which lordstown motors bought with alot of equipment still installed, that foxconn has now. This is not a new trial plant, with trial workers. In fact, from upper managemeant to lower level, they have legacy auto experience. That is why there are many paid spammers (paid by FORD and Unions) going after this company. They are the most feared by Ford in dealing with Fleet truck sales.
BUYERS: cost of ownership - no one cares about carbon foot print (except perhaps Tesla as part of mission statement).
Ummm...so this sounds really, really bad
Why would you risk buying this truck while a reliable and trusted brand like the Ford F-150 Lightning is available? Start up are too late at the game.
Everyone else is sold out for multiple years. Even so, I don’t have confidence that they will be around to honor warranty work years from now. Sorry LT - I wish you the best though.
For me, the 4 simple moving parts of the 4 hub motors is the true differentiator.
@@dmiretti Hub motors seem to be a very good design on paper for sure. The question is how they'll do over time. (If I remember correctly the concern around hub motors is the weight and force-impact on them over time)
They don’t have it..
Foxconn has chips. I have popcorn. 🍿
They will be out of business by the end of the year
Not ah
@@CTU-JackBauer uhh ha
RIDE to ZERO! ☠