Foxtron's plans will have a huge impact on the automotive industry.
Foxconn, the maker of Apple's iPhone, has been in the automotive news cycle for a few days now. Not only did it beat Apple in the build-a-car race, but it has lofty ambitions to sell cars in hotly contested segments.
Recently, we shared news about the all-new Model B, which will compete in the compact crossover segment alongside the Chevrolet Equinox. Today, we're talking about the Foxtron (Foxconn's automotive arm) Model V; a compact EV pickup aimed squarely at the upcoming Maverick Lightning.
Foxtron teased the Model V earlier this month, but it recently made its debut at Foxconn's Tech Day. Apart from introducing its own cars, Foxtron has big plans that will likely play a significant role in shaping the automotive industry for the next ten years.
For now, back to the Model V. Foxtron did not say when it would start production. We know the Model C will be launched first, followed by the Model B. The Model V will likely follow shortly after, as Foxtron already has everything it needs to produce on a mass scale, including a US-based factory that can build up to 500,0000 vehicles per year.
Unfortunately, Foxtron was still reluctant to share too much information about the Model V. We know it's a crew cab with five seats, electronic rearview mirrors, and aimed at urban neighborhoods and the "rugged outdoors."
There's no news about the power output, but we'll get to that in a minute. We know that the Model V can carry a 2,205-pound payload and tow up to 6,600 lbs. Whether it can achieve a meaningful range is perhaps a more pertinent question to which there is no answer.
The Model V is built on Foxtron's MiH EV Open Platform. We know it's a highly adaptable platform, available in various configurations. Since Foxtron claims decent off-road performance, a dual-motor setup is guaranteed.
Thanks to Foxconn's 2021 Tech Day, where it first unveiled three EV prototypes, we know how much power the Taiwanese manufacturer can put in a vehicle. Foxtron's EV motors can produce up to 750 horsepower with a dual-motor setup. In a truck this size, the power will likely be restricted to a more sensible 500 horses.
Whether the car will succeed is irrelevant because manufacturing Foxtron-branded cars will eventually only represent a tiny portion of Foxtron's income.
Foxtron's MiH EV Open Platform will be the secret to the brand's success. It wants to design and manufacture vehicles for other brands, including Tesla. During the Foxconn Tech Day, Young Liu, chairman of Foxconn Technology Group, clarified his ambitions. Foxtron wants to build cars for Tesla, among others.
"From now and into the future, we will create EVs," said Liu. "For more than 40 years, the greatest value we have brought to top-tier, global brand customers is that [Foxconn] is your most trusted and reliable partner. In the EV industry, we are resolute about contract design and manufacturing services (CDMS). This commitment will not change. In the next 10 years, [we] will redefine CDMS in the automotive field and continue to promote vertically integrated technology services. Our goal is to provide the range of high-tech services and capabilities required by automakers to propel them to become more competitive."