Pininfarina Reveals Affordable Tesla Rival Called The Model B

Foxtron has yet to put a car into production, but it has everything it needs to be competitive in the USA. Its parent company owns an assembly plant in Ohio, which recently came to the rescue ofthe embattled Lordstown EV truck.

But the secret to its success will likely come from the open-source MiH electric car platform. Foxconn is open to partnerships, big or small. It has anongoing venture with Stellantisto improve the in-vehicle user experience and provided the basis forthe first-ever African-built EV.

It's essentially a one-stop shop for anyone who wants to build an EV without wanting to spend vast amounts of money on an EV platform, design, quality control, or user interface.

But there's still some money to be made by building its own cars, and a cheap entry-level EV is just what the market needs right now. For now, the Model B is a concept, butas Chevrolet pointed out earlier this year, the market for a $30,000 EV is extremely dry. The average cost of a new EV is roughly $66,000, and the price needs to come down to at least half that to get people interested.

According toAutocar, who sat down with Foxconn CEO, Yang-Wei Liu, the US plantcan build up to 500,000 vehicles. The Model E is near the end of its development, and Model C will likely follow shortly after.

The Model B will likely be ready in 2024 when Foxtron plans to start producing cars on a large scale at its American plant.

Foxtron did not provide mechanical details for the Model B, but we know the Model E's dual-motor layout produces up to 750 horsepower. The MiH electric car platform is highly adaptable and can be used for front-wheel-drive, rear-wheel-drive, and all-wheel-drive cars. Like theChevrolet Equinox, we see several models being offered.

Having a famous design house like Pininfarina design the exterior was a smart move. It instantly adds more credibility to a car. While the Model B we see in the video is obviously not production ready, we hope some of the funkier design elements make it all the way through.