The MIH Consortium, an electric vehicle alliance led by Taiwanese manufacturing giant Hon Hai Precision Industry Co (鴻海精密), yesterday unveiled a plan to set up an innovation hub in Ohio.
The alliance disclosed the plan at the CES technology show with its partners, including Lordstown Motors, INDI EV and Monarch Tractor, who are exhibiting at the Las Vegas show, which runs through tomorrow.
The hub would enable the alliance’s global supply chain partners to share their expertise and cooperate on electric vehicle and mobility projects, helping to boost innovation and US manufacturing capabilities, MIH Consortium chief executive Jack Cheng (鄭顯聰) said in a statement.
Photo: CNA
The hub would be the latest step taken by Hon Hai, known as Foxconn Technology Group (富士康) overseas, to develop its electric vehicle network in the US.
Hon Hai has just started to roll out electric pickup trucks in a factory in Ohio that it bought from US-based Lordstown Motors for US$230 million in May last year.
In November, Hon Hai announced it would spend US$170 million to buy all of Lordstown’s outstanding preferred stock and 18.3 percent of its common stock through a private placement.
Cheng said the location of the Ohio electric vehicle factory and an information communications technology base in Wisconsin would drive the development of the US supply chain.
“By leveraging the resources of Foxconn, the MIH will be able to greatly deepen and broaden its partnerships in the North American ecosystem,” he said.
To set up an electric vehicle ecosystem in North America, the consortium said it has set its sights on the production of a three-seater vehicle called Project X, before the launch of six-seater and nine-seater models for the North American market.
The MIH Consortium started operating in July 2021 as part of Hon Hai’s efforts to enter the electric vehicle market and diversify itself from a pure contract manufacturer into a company that integrates hardware and software capabilities.
The MIH electric vehicle open platform was initiated by Hua-chuang Automobile Information Technical Center Co, a subsidiary of Taiwan’s Yulon Motor Co (裕隆), and it aims for the platform to become the “Android of the electric vehicle industry.”
So far, the MIH alliance has 2,566 members from 68 nations.
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