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BREAKING:

HONDA TO SET UP $15B EV PRODUCTION BASE IN CANADA

Automaker to get up to $5B in government assistance for EV battery, assembly plants

Why Lordstown Motors Stock Surged 32% This Week

Neha Chamaria, The Motley Fool
·2 min read

After picking up speed last month, Lordstown Motors (NASDAQ: RIDE) stock accelerated its way into August and rallied a whopping 31.6% at its highest point in trading during the first week, according to data provided by S&P Global Market Intelligence. Lordstown Motors released its second-quarter earnings report on Aug. 4. First, Lordstown Motors didn't generate any revenue during the quarter, and its first operating profit came entirely from the sale of its manufacturing plant.

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