Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
Baidu Shares Surge After Official Launch of Advanced Ernie 5.0 AI Model 
Lynas Rare Earths Shares Surge as Quarterly Revenue Jumps on Strong Prices 
Walmart to Cut PhonePe Stake in IPO as Tiger Global and Microsoft Exit 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
FAA Says It Is Not Blocking Boeing 737 MAX 7 and MAX 10 Certification 
Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
Rio Tinto Posts Strong Q4 Iron Ore and Copper Output on Operational Recovery 
Brazil Supreme Court Orders Asset Freeze of Nelson Tanure Amid Banco Master Investigation 
Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment 
BitGo IPO Prices Above Range, Raises $212.8M in Landmark Crypto Market Debut 
Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading 
Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets 
Kia Motors and Coupang announced late last week that they have signed a partnership deal to produce electric trucks by the year 2025. The companies have joined forces to develop all-electric vehicles for cargo delivery.
As per The Korea Herald, Kia Motors and Coupang are planning to unveil their mid-sized and large delivery trucks three years from now. The new electric trucks will have better storage, efficiency, and safety feature compared to the current cargo trucks that Coupang is using.
Kia Motors will apply its experience and technology in making vehicles to provide different solutions, requirements, and services requested by Coupang. It was revealed the e-commerce company asked for trucks that would be suitable for its delivery services.
To improve the work efficiency of its delivery workers, Coupang said that Kia Motors may deliver a truck with sliding doors, lighter shelves, and overall better engineering. The Korean automaker said that its vehicles will be built according to purpose and will be fitted with a “skateboard” chassis which will serve as the main feature in the battery-powered vehicle architecture.
“We hope to make greater achievements in delivery efficiency, safety, and convenience through cooperation with Kia,” Coupang said through one of its officials while Kia also stated, “We will continue to offer diverse PBVs to our customers in logistics and retail, and enhance competitiveness in global PBV business.”
Kia Motors shared that its partnership with Coupang is an important step to reaching its goal to become a global leader in the area of purpose-build vehicle (PBV) market. The companies are also planning to work on autonomous driving vehicles and vehicle charging systems.
Finally, The Korea Economic Daily reported that Kia and Coupang will be launching the new “Coupang cars” in 2025. The two companies’ memorandum of understanding includes joint research and development of a custom vehicle for the latter Coupang.
Under the agreement, Kia and Coupang will release the delivery vehicles for Coupang, and after the successful launch of the PBV, the two may expand their collaboration and develop more electric vehicles for Coupang, including the autonomous types.
