Kia shares jump after report Apple to invest $3.6B
Bloomberg
Reuters
Kia Motors jumped as much as 14.5 percent after a local media report that Apple will invest 4 trillion won ($3.6 billion) as part of a collaboration with the automaker on making electric vehicles.
The iPhone maker plans to set up production with Kia and build Apple cars at the automaker’s facility in Georgia, U.S.,
DongA Ilbo reported, without citing anyone.
The companies may sign a deal on Feb. 17 and aim to introduce Apple cars in 2024, according to the newspaper, which said they have an initial target to produce 100,000 autos a year.
Apple to Invest $3 6 Billion in Kia to Make EVs, DongA Says
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Apple reportedly investing $3 6B in Kia to make EVs
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Karst rock formations shrouded in mist are typical scenery in outlying areas of Guiyang and Guian New Area, Guizhou province, but the provincial capital and the national-level new area are also home to equally solid technological foundations.
Big data spurs growth in Guizhou-Karst rock formations shrouded in mist are typical scenery in outlying areas of Guiyang and Guian New Area, Guizhou province, but the provincial capital and the national-level new area are also home to equally solid technological foundations.