Search…

Hon Hai agrees to sell Ohio electric car factory for 375 million dollars.

05/08/2025

Foxconn Precision has agreed to sell an electric car factory located in Ohio, USA for $375 million. The company plans to sell the Ohio factory, including the land and equipment, to Crescent Dune LLC. Foxcon Precision stated in another statement that they will continue to utilize the site, but did not specify how. A source familiar with the matter but requesting anonymity revealed that Foxconn plans to continue operating the factory and use it for their own AI server manufacturing business.

Latest

4 m ago

Palantir performance exceeded market expectations in Q2 with revenue of $1.04 billion, a year-on-year increase of 48%, surpassing market expectations of $0.939 billion; Adjusted earnings per share were $0.16, higher than market expectations of $0.14.

6 m ago

Latin American e-commerce giant MercadoLibre reported second-quarter net revenue of $6.8 billion, surpassing analysts' expectations of $6.59 billion.

6 m ago

Latin American e-commerce giant MercadoLibre reported a net revenue of 6.8 billion US dollars in the second quarter, surpassing analysts' expectations of 6.59 billion US dollars.

6 m ago

Palantir reported revenue of $1 billion in the second quarter, exceeding analysts' expectations of $9.393 billion. The company now expects full-year revenue to be between $41.4 billion and $41.5 billion, up from its original estimate of $38.9 billion to $39.0 billion. For the third quarter, Palantir expects revenue of $10.8 billion to $10.9 billion, compared to analysts' expectations of $9.854 billion.

6 m ago

Palantir's second quarter revenue was $1 billion, exceeding analysts' expectations of $939.3 million. The company expects full-year revenue to be between $41.4 billion and $41.5 billion, higher than the original estimate of $38.9 billion to $39.0 billion. For the third quarter, revenue is expected to be between $10.8 billion and $10.9 billion, surpassing analysts' expectations of $9.854 billion.

See all latest