NU Ride Inc (NRDE)

[Saving Grace]

MIH Consortium Unveils Innovation Hub Plan to Strengthen EV Ecosystem in North America Plans to build an innovation hub near Foxconn Ohio facility with global supply chain partners

Rivian and Ford both have to go back to the drawing board and are on the hook because they manufactured the parts involved with their recalls.

The Lordstown MIH EV consortium allows LMC the freedom to hold suppliers accountable or quickly be replaced. Other manufacturers don't have that luxury.

Amphenol Interconnect Products Corp parts were involved with both recalls, an electric switch and a brake caliper washer.

With the Consortium, the supplier is on the hook and can be replaced, at will.

This is the beauty of LMC. Once it finds it's grove. The next chapter begins.

Hon Hai Technology Group (Foxconn), a global leader in smart manufacturing, introduced MIH, its software and hardware open platform for EVs, in 2020 and initiated the formation of the MIH Consortium in 2021. Foxconn aims to position MIH as the “Android system of the EV industry.” Foxconn is inviting automakers, manufacturers, and supply chain partners to join the MIH to collaborate. MIH’s mission is to lower barriers to entry into the EV industry, accelerate innovation, and shorten development cycles by realizing key technologies and developing reference designs and standards. Currently, the MIH has more than 2,500 members.

For More: https://www.mih-ev.org/