（Cover image source: USA Today）
On February 3, Bloomberg cited local Korean media reports that Apple will invest 4 trillion won (approximately $3.6 billion) to cooperate with Kia to manufacture electric cars.
According to the Dong-a Ilbo newspaper, Apple and Kia will join forces to produce electric cars at a Kia plant in Georgia, USA. The report stated that the two companies may formally sign a cooperation agreement on February 17 and are expected to launch Apple cars in 2024 with an initial planned annual output of 100,000 units.
Both companies have declined to comment on this news.
As a result of this news, Kia’s stock price has risen by 8.64% at the time of release.
🔗Source: Bloomberg
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.