Last updated on August 11th, 2023 at 10:26 pm
Shares of automakers from the Land of the Rising Sun immediately rose
The first information about the Japanese Apple Car rocked the market
Earlier, South Korean sources said that on February 27, Apple and KIA would sign a cooperation agreement, under which the former will invest $ 3.5 billion. And today, it became known that after the leak of the Apple Car produced by Hyundai / Kia, the companies stopped all negotiations.
It also became known that Apple is in talks with six other companies. Sources say there are at least six potential automakers on the list that could be selected as Apple’s new partner for such a massive project.
Bloomberg confirms that Apple is looking for a company to launch its own electric car in South Korea and in Japan, where shares of large auto companies have jumped amid rumors of talks with the iPhone maker.
Japanese automakers are usually too busy with their own development, production, sales, and customer service to take on such a large Apple project. However, Nissan Motor Co. or Mitsubishi Motors Corp. there isn’t much work to do, so they may well close the deal.
Tatsuo Yoshida, Senior Analyst, Bloomberg Intelligence
