Explosion and Fire Erupt at Valero Oil Refinery in Port Arthur, Texas 
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco 
9 Tips for Avoiding Tax Season Cyber Scams 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
Sonova Shares Slip as Hearing Aid Giant Lowers Growth Outlook and Plans Sennheiser Exit 
OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership 
Innate Pharma Reports 55% Revenue Drop and €49.2M Net Loss for 2025 
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
Nintendo Switch 2 Production Cut as Holiday Sales Miss Targets 
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
Rio Tinto's Resolution Copper Mine: U.S. Smelting Challenges and Global Operations Update 
SLMG Beverages Eyes Price Hikes Amid Rising Packaging Costs and India's Booming Soft Drink Market 
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.
