EV investors are moving into the sector ahead of the expected passage of new legislation that has billions of dollars aimed at supporting clean energy products.
(Bloomberg) -- Hon Hai Precision Industry Co., the maker of most of the world’s iPhones, posted a profit that beat estimates as demand for its cloud products helped it weather supply-chain snarls and sluggish smartphone demand.Apple Inc.’s biggest assembly partner reported net income of NT$33.3 billion ($1.1 billion) for the quarter through June, against the average projection for NT$30.8 billion. Revenue totaled NT$1.5 trillion, Hon Hai reported previously.Hon Hai has been navigating component
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.