Kia Motors jumped as much as 14.5% after a local media report that Apple will invest the equivalent of $3.6-billion as part of a collaboration with the Korean car maker on making electric vehicles.
Browsing: Hyundai
If Apple is going to make a success of its car project, it has to target the $230-billion luxury automobile market. But displacing 125-year-old incumbents like Mercedes-Benz won’t be straightforward.
Hyundai said on Friday it was in early talks with Apple after a domestic broadcaster said the firms were discussing an electric car and battery tie-up, sending Hyundai shares surging 25%.
Hyundai Motor Group has agreed to buy a controlling stake in Boston Dynamics in a deal that values the mobile robot firm at $1.1-billion.
Hyundai Motor Group said on Wednesday that it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs.
It was sold as an all-or-nothing moonshot into space, the boldest pay package in corporate history. Now, with Tesla’s stock on a seemingly unstoppable rise, Elon Musk is poised to collect $2.4-billion.
A robotic shark and dancing humanoid robots are among the more unusual gadgets on show at technology conference CES, offering…