Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty 
Memory Chip Shortage Drives Higher Gadget Prices and Weakens Global Tech Demand 
FSU Criticizes ANZ Over Suncorp Bank Job Cuts Amid Post-Acquisition Commitments 
Global DRAM Chip Shortage Puts Automakers Under New Cost and Supply Pressure 
Renault Group Global Sales Rise 3.2% in 2025 on Strong International and EV Demand 
Valentino Garavani Dies at 93, Leaving Behind the Timeless Legacy of Valentino Red 
Rio Tinto Posts Strong Q4 Iron Ore and Copper Output on Operational Recovery 
Baidu Shares Surge After Official Launch of Advanced Ernie 5.0 AI Model 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
Apple Stock Jumps as Company Prepares Major Siri AI Chatbot Upgrade 
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board 
Elon Musk Says Tesla Cybercab and Optimus Production Will Start Slowly Before Rapid Growth 
Lynas Rare Earths Shares Surge as Quarterly Revenue Jumps on Strong Prices 
BitGo IPO Prices Above Range, Raises $212.8M in Landmark Crypto Market Debut 
FAA Says It Is Not Blocking Boeing 737 MAX 7 and MAX 10 Certification 
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 
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.
