Over the past two weeks, INDIEV has announced a number of major milestones as the company prepares to begin mass production on the INDI One, the company’s flagship crossover electric vehicle.
On September 26th, INDIEV announced its intentions to list on the Nasdaq as a publicly traded company! Via a strategic business combination, INDIEV will list as $INEV on the Nasdaq, with a valuation of $600 million, subject to adjustments.
On October 5th, INDIEV and Foxconn announced an MOU providing first details regarding their revolutionary manufacturing partnership. Foxconn will produce upcoming preproduction prototype vehicles of the INDI One in their 6.2 million square foot factory located in Ohio. The two companies remain in negotiations regarding expanding their partnership.
First deliveries on the INDI One are expected in late 2023. If you are interested in investing in INDIEV, please reach out to invest@INDIEV.com to contact an IR specialist.