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General Motors Company (NYSE: GM),
Stellantis NV (NYSE: STLA), besides
Hyundai Motor Company (OTC: HYMTF) in its automotive efforts, according to TF Securities analyst Ming-Chi Kuo, Apple Insider reported Tuesday.
What Happened: “Apple s deep collaboration with current automakers (Hyundai Group, GM, and PSA [now part of Stellantis]) who have extensive development, production, and qualification experience will significantly shorten the Apple Car development time and create a time-to-market advantage,” Kuo wrote in a note, as per Apple Insider.
Kuo said that the Tim Cook-led tech giant will “leverage current automakers resources and focus on self-driving hardware and software, semiconductors, battery-related technologies, form factor and internal space designs, innovative user experience, and the integration with Apple s existing ecosystem.”