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      "text": "Near Launch Ready: Full-sized BEV pickup targeting the underserved commercial fleet market. Unique Vehicle Attributes: Purpose-built work truck, not a redesigned ICE, hub motors drive superior turning radius, traction and maneuverability. Distinct IP: Valuable IP covering vehicle architecture, software and integrated controls, battery systems & hub motors. Strategic Shift: From vertically integrated to highly flexible, less capital-intensive OEM focused on developing, engineering, and industrializing BEVs for LMC and potentially other OEMs. Joint Vehicle Development: Using Foxconn’s scale and our design and engineering expertise to accelerate product development and launch timeline, lower costs and expand product breadth. Strong Leadership: Added significant talent to senior leadership with decades of automotive, engineering, vehicle launch and executive experience.",
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