GUANGZHOU, China — Chinese search giant Baidu will create a standalone electric vehicle company, a person familiar with the matter told CNBC. The Beijing-headquartered company will be the majority shareholder while Chinese automaker Geely will take a minority stake, the person said. Geely will be responsible for manufacturing the vehicles while Baidu will focus on… Continue reading Chinese search firm Baidu to create an electric vehicle company as tech giants jump into auto space
Tag: Apple
German Manager Magazin: Hyundai share rises sharply – Alleged discussions with Apple about e-car partnership but possibly price maintenance PR000458
The US technology company Applecould partner with the South Korean automaker Hyundai in the development and construction of a self-driving one Electric cars and choose from batteries for such vehicles. Talks about a cooperation are at an early stage and nothing has yet been decided, the South Korean company initially announced to the Bloomberg news… Continue reading German Manager Magazin: Hyundai share rises sharply – Alleged discussions with Apple about e-car partnership but possibly price maintenance PR000458
Apple Is Trying to Find a Manufacturer For Its Self-Driving Car
Apple x Hyundai South Korean automaker Hyundai Motors is in early stage talks with tech titan Apple to develop an electric car, CNBC reports. Shares of the manufacturer surged by 19 percent following the news. Hyundai isn’t the only carmaker in talks with Apple. “We understand that Apple is in discussion with a variety of… Continue reading Apple Is Trying to Find a Manufacturer For Its Self-Driving Car
Hyundai confirms talks with Apple on possible EV project
SEOUL — Hyundai Motor shares surged nearly 20% on Friday after South Korea’s biggest automaker confirmed — but then later played down — reports that it is in talks with Apple to develop self-driving electric vehicles. “We’ve been receiving requests for potential cooperation from various companies regarding developing autonomous EVs. No decisions have been made… Continue reading Hyundai confirms talks with Apple on possible EV project
Hyundai’s value surges by $9bn amid reports of Apple electric car deal
Automotive industry South Korean firm backtracks on statement confirming ‘early discussion’ with US company Hyundai has announced it will develop in-house its own electric car platform and battery systems. Photograph: Jorge Silva/Reuters Hyundai’s value surged by $9bn (£6.6bn) on Friday after reports that it could join with Apple in developing a driverless electric vehicle –… Continue reading Hyundai’s value surges by $9bn amid reports of Apple electric car deal
World NM: Hyundai Motor aims to co-develop electric car with Apple000705
By Baek Byung-yeul Since Apple will reportedly commence electric vehicle (EV) production, news surrounding the U.S. tech behemoth has been creating a stir in Korea, raising expectations that the iPhone maker will invite numerous local EV companies to its supply chain. Hyundai Motor, the country’s largest automotive group with three brands ― Hyundai, Kia and… Continue reading World NM: Hyundai Motor aims to co-develop electric car with Apple000705
Hyundai’s confusion over Apple electric car tie-up
The electric vehicle (EV) market is becoming increasingly competitive, with companies such as Tesla grabbing the headlines with its rapidly-increasing valuation. Tesla chief executive Elon Musk is now the richest man in the world, displacing Amazon founder Jeff Bezos. Go to Source
China’s Baidu said to plan smart EV firm, to make cars at Geely plant
China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. The venture will revamp some of Geely‘s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and… Continue reading China’s Baidu said to plan smart EV firm, to make cars at Geely plant
Hyundai Motor says it is in early talks with Apple for tie-up in EVs, batteries
Hyundai Motor Co said it was in early discussions with Apple after Korea Economic Daily TV reported that the two were in talks to cooperate on electric cars and batteries, sending Hyundai‘s shares surging 24%. “Apple and Hyundai are in discussions but they are at an early stage and nothing has been decided,” Hyundai Motor said in a statement. The… Continue reading Hyundai Motor says it is in early talks with Apple for tie-up in EVs, batteries
Baidu plans smart EV company, to make cars at Geely plant: Sources
The venture will revamp some of Geely’s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and engineering know-how from Geely, sources told Reuters. By Yingzhi Yang, Yilei Sun and Brenda Goh BEIJING: China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar… Continue reading Baidu plans smart EV company, to make cars at Geely plant: Sources