Apple will invest 4 trillion won (about US $3.6 billion) in Kia to cooperate in the field of electric vehicles, South Korea's East Asia Daily reported today. The two sides may sign an agreement on February 17 to launch apple in 2024, the report said. After the news, Kia auto rose 11%.
If the cooperation mode with Hyundai goes well, it is predicted that Apple will cooperate with GM and PSA in the future to develop other apple car models or enter other markets. Apple is expected to launch its first car as early as 2025.
Guo predicted that Apple car will be positioned in a very high-end model, and its price and component cost will be significantly higher than that of ordinary electric vehicles, which will benefit the cooperative car manufacturers. Through cooperation with apple, car manufacturers can also expand economies of scale and reduce costs.
It is understood that Kia Automobile Co., Ltd., a subsidiary of Hyundai Motor Group, is one of the Fortune 500 enterprises in the world, and is the second largest automobile manufacturer in South Korea, headquartered in Seoul.