Tesla Stock Falls, Ford F-150 Lightning Recall, And More: Biggest EV Stories Of The Week
The week was marred by negative headlines surrounding electric vehicle companies, and, unsurprisingly, a number of EV stocks ended deep in the red.
Here are several key events that happened during the week:
Apple, Foxconn Reportedly Get Their ‘China Way’ In India After Lobbying For Flexible Labor Laws In Key State
Apple Inc (NASDAQ: AAPL) and its Taiwanese manufacturing partner Hon Hai Precision Industry Co., Ltd (OTC: HNHPF), better known as Foxconn, were reportedly among the companies that successfully lobbied fo
Key iPhone Supplier Foxconn Cuts Record Deal To Manufacture Electronics In India, Likely To Create 100K Jobs
Hon Hai Precision Industry Co Ltd (OTC: HNHPF) Foxconn Technology Co Ltd reached a deal to invest in India's southern Telangana state to manufacture electronics.
The financial terms of the deal remained undisclosed.
Tesla’s California Return, Ford’s F-150 Lightning Woes, Lucid And Nikola Earnings Disappoint And More: Biggest EV Stories Of The Week
Electric vehicle stocks came under selling pressure in the week ended Feb. 24, weighed down by the general rise in risk aversion and a negative earnings report from luxury EV manufacturer Lucid Group, Inc. (NASDAQ: LCID).
Here are the key events that happened in the EV space during the week:
Apple’s Indian Expansion Hit By Infrastructure and Logistics Woes, Still Experts See Exports Crossing $1T By 2028
Apple Inc (NASDAQ: AAPL) hit stumbling blocks to unwind its
Apple’s Chinese Retailers Use Discounts For Premium iPhones To Spur Demand, Analyst Snubs Move
Third-party retailers in China doled up to 10% discounts on Apple Inc's (NASDAQ: AAPL) iPhone 14 Pro to counter the weak demand.
Foxconn Ropes In Nissan And Nidec Veteran As EV Leader
Hon Hai Precision Industry Co Ltd (OTC: HNHPF), operating as Foxconn Technology Group, named automotive veteran Mr. Jun Seki to be…
Apple Defies Tech Industry-Wide Massive Layoffs: Here’s How Cupertino Is Avoiding Job Cuts
Many of the big techs have announced the elimination of thousands of positions as they grapple with shrinking toplines. The latest tech titan to join the league was Alphabet, Inc.