New Horizon Aircraft Ltd. (NASDAQ:HOVR) is one of the 10 Best New Penny Stocks to Invest In. On December 4, New Horizon Aircraft Ltd. (NASDAQ:HOVR) announced that it has entered into a partnership with Motion Applied, which was previously the high-performance technology division of the McLaren Group from Formula 1. Under this partnership, Motion Applied will design and manufacture a customized motor drive inverter for New Horizon Aircraft Ltd.’s (NASDAQ:HOVR) hybrid-electric VTOL, the Cavorite X7. This s ...