Sinopec Posts 36.8% Net Profit Drop in 2025 Amid Weak Petrochemical Margins and Energy Transition Pressures 
NVIDIA's Feynman AI Chip May Face Redesign Amid TSMC Capacity Crunch 
United Airlines Cuts Flights 5% Amid Soaring Fuel Costs From Iran War 
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys 
U.S. Appeals Court Strikes Down FTC Order Against TurboTax "Free" Advertising 
Virgin Australia Adjusts Fares Amid Rising Aviation Costs and Middle East Tensions 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
SLMG Beverages Eyes Price Hikes Amid Rising Packaging Costs and India's Booming Soft Drink Market 
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI 
Sonova Shares Slip as Hearing Aid Giant Lowers Growth Outlook and Plans Sennheiser Exit 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
GE Vernova and Hitachi's $40 Billion SMR Investment Signals a New Era for U.S. Nuclear Energy 
Tesla Eyes $2.9 Billion in Chinese Solar Equipment to Power 100 GW U.S. Manufacturing Push 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Volkswagen CEO Urges Germany to Adopt China's Industrial Discipline Amid Major Restructuring 
Apple is looking to team up with South Korean carmaker, the Hyundai Motor Group, to launch its Apple car, an autonomous electric vehicle. The plan for the partnership was confirmed, and at this point, the American tech giant is still negotiating to gain Hyundai’s cooperation.
It was said that the company already reviewed Apple’s proposal, and the only thing that remains is Hyundai chairman Chung Eui Sun’s decision. As per Reuters, the two companies are expected to reach a deal by March of this year.
Apple’s proposal for partnership raised Hyundai’s share
Following the reports that Hyundai Motors and Apple are in talks to produce an autonomous car together, Yahoo Finance reported that the Korean car manufacturer’s shares immediately skyrocketed up to almost 20%.
In any case, more information about the Hyundai Motors and Apple’s collaboration has emerged. There is a report coming from the Korean media that once the deal between the companies is done, they will be building the cars at the Kia Motors factory in Georgia.
Both Apple and Hyun dai will invest in building the production facility that is projected to produce around 100,000 car units in 2024. It was said that the soon-to-be-built factory has the capacity to make 400,000 vehicles per year.
Collaboration is not yet final
Then again, there is still a possibility that Apple will end up working with another company. This is because it is also talking with other global carmakers aside from Hyundai.
“We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor,” Hyundai’s spokesperson said. “As the discussion is at its early stage, nothing has been decided.”
Meanwhile, Hankyung reported that if Apple works with Hyundai Motor Group, they will not only be producing the Apple electric cars, but they will also be developing batteries for the vehicles. With this other product, Apple and Hyundai Motor Group may be promoting battery development as well and produce more units in the Kia Motor’s building facility. Hyundai Motors has yet to comment on the new information that was revealed about its possible partnership with Apple.
