Apple and Hyundai-Kia pushing toward deal on Apple Car

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous EV at a Kia assembly plant in Georgia, according to multiple sources.

-branded autonomous electric vehicle at the Kia assembly plant in West Point, Georgia according to multiple sources who briefed CNBC on the plan.

If an agreement is finalized, why would Apple choose Hyundai-Kia? Just as importantly, why would the Korean automaker strike a deal with Apple? "Smartphones are a $500bn annual TAM. Apple has about one-third of this market. The mobility market is $10 trillion. So Apple would only need a 2% share of this market to be the size of their iPhone business," Huberty wrote.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Another guy in the Chinese back pocket

I’d buy if made sustainably soured morally & ethically

Well, glad that 'Buy American' initiative is mulling around Apple. Looks promising. sarcasmsincerely

why not a good car company?

Chinese slave labor

This is retarded. They are probably going to slow your car down so that uou would have to buy a new model.

This is not a good idea!!

That would put a threat on any car manufacturer... do you think Tesla would be able to challenge Apple’s iPhone?

canoo

Apple stock is going to explode this year. I’m in!

Why doesn't Apple make this deal with an american company ?

Another pump in the stocks coming. $TSLA is valued on the credits. $APPL may have claim more credits than Tesla.

$AAPL Deal Is cooked

i need help

IKIA lol, saw this on a TLSA post 😂

It will be called “persimmons”

Kia, ewww.

'glek'

This is not beneficial to our pockets. We are not concerned about the rich.

Not sure if car companies enjoy the same profit margin that iPhones do?

One source familiar with Apple’s strategy on developing a car tells CNBC, “I doubt Hyundai is the only automaker they could strike a deal with, there could be somebody else.”

Good move. This will help change the car industry permanently towards electric cars!

Didn’t they just canceled those talks?

Aww Tim Cook has EV fomo

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.