iPower Inc. shares fall 14.04% intraday despite announcing the arrival of a U.S. packaging production line.

iPower, Inc. dropped 14.04% in intraday trading, despite the company announcing a key milestone in its U.S.-based manufacturing initiative. The Company’s newly acquired packaging production line has been delivered to iPower’s domestic facility ahead of schedule and is ready for immediate assembly. The CEO, Lawrence Tan, expressed optimism about the development, stating that it represents a major step forward in building out a resilient domestic manufacturing infrastructure in the United States.