NU Ride Inc (NRDE)

[Saving Grace]

Super Huge Filing Foxconn LMC MIH expansive partnership.

Millionaires will be made on this one. This is bigger than anyone suspects.
No wonder why Foxconn bought in for $170 million more.

The SEC filing is at the bottom below.

Assembling an experienced and capable vehicle development team is a costly, time-intensive process. For EV collaborators, access to a proven vehicle development team is both a new and now proven concept. LMC is well-positioned to provide all vehicle development functions including design, architecture, engineering, production, testing, industrialization and full homologation.


Foxconn will leverage LMC’s vehicle design, engineering and development expertise. Purchasing the Ohio plant and becoming an employer of highly skilled automotive professionals enables Foxconn to rapidly scale its component and supply chain capabilities. It also offers a fast path to production for new or non-traditional OEMs.



The Foxconn EV ecosystem, in collaboration with MIH and LMC, is a model that’s built for speed and scale to create great EV products of high value. It also creates a unique ability to address new market opportunities that are quickly presenting themselves. By engaging and investing in this ecosystem, EV makers and investors can enter through multiple pathways, step on the accelerator, innovate and fulfill the world’s demand to transition to a broader spectrum of electric vehicles, faster.



https://www.sec.gov/Archives/edgar/data/1759546/000110465923000976/tm231714d1_ex99-1.htm