Hon Hai Precision Industry Co Ltd
Fisker stays on track to start production of its electric Ocean SUV this year, cites 56,000 reservations
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images California-based EV startup Fisker said Wednesday it now has more than 56,000 […]
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Taiwan’s Foxconn raises full-year outlook on strong tech demand
The Foxconn logo displayed on a Foxconn building in Taipei on 31 January 2019. Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Sam Yeh | AFP | Getty Images Taiwan’s Foxconn, […]
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Lordstown Motors closes $230 million deal to sell its Ohio factory to Foxconn, injecting needed cash days before deadline
Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland / CNBC Embattled electric vehicle start-up Lordstown Motors said Wednesday it has closed a $230 million deal to sell its Ohio factory to Taiwanese contract manufacturer Hon […]
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Lordstown’s future is at stake as it burns through cash and faces a crucial deal deadline next week
The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Struggling electric vehicle start-up Lordstown Motors said that it’s on track to begin production of its Endurance pickup in the third quarter, about a […]
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A slate of EV automakers report earnings this week and will try to prove they can turn hype into production
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Investors holding beaten-up electric vehicle stocks are bracing for first-quarter […]
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Shanghai reports more Covid cases as China imposes new lockdowns
A medical worker performs Covid tests on residents of a quarantined street community in Shanghai on April 4, 2022. The city has expanded lockdown measures as cases surge. Costfoto | Future Publishing | Getty Images China’s financial center Shanghai reported a new record number of symptomatic Covid-19 cases on Saturday as the country imposed new […]
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Hong Kong drops nearly 3% as Chinese stocks tumble; shares of JD Logistics, Russia’s Rusal fall
Other Asia-Pacific markets Japan stocks moved into negative territory after rising earlier. The Nikkei 225 and the Topix sat below the flatline. Japan reported inflation data, showing its core consumer price index hit a two-year high in March, according to Reuters. Australia’s S&P/ASX 200 stayed in positive territory as it inched up 0.26%, with some gains […]
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