Foxconn announces plans for electric vehicle `Innovation Hub` in Valley


Foxconn announces plans for electric vehicle `Innovation Hub` in Valley


Efforts to turn the Mahoning Valley into the “Voltage Valley” are getting another boost following an announcement made Thursday at the Consumer Electronics Show in Las Vegas.

Efforts to turn the Mahoning Valley into the “Voltage Valley” are getting another boost following an announcement made Thursday at the Consumer Electronics Show in Las Vegas.

A group formed earlier to break down barriers and encourage new development in the electric vehicle industry revealed that it is establishing what it calls an “Innovation Hub” near the Foxconn plant in Lordstown.

The announcement was made by Jack Cheng, CEO of MIH Consortium, which is an initiative of Foxconn parent company Hon Hai Technology Group....
"Foxconn has two factories in the US. The one in Wisconsin mainly focuses on Information and Communication Technology products and can be used as a development hub for the EV industry in the future."



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Ken Notes: Arghhhhh! Ohio! We could ask for a little consideration here. One of the components I always included in my development agreements was a timeline for build out with a land claw-back provision if this was not met. So if the new candidates want to exert some pressure they could look at this provision (if one exists in the current agreement)...

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- - Volume: 11 - WEEK: 1 Date: 1/6/2023 11:51:40 AM -