The Hyundai Motor Company, commonly known as Hyundai Motors, is a South Korean multinational automotive manufacturer headquartered in Seoul. Hyundai Motor Company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, and its 100% owned luxury subsidiary Genesis Motor, altogether comprise the Hyundai Motor Group. It is the third largest vehicle manufacturer in the world.
Hyundai operates the world’s largest integrated automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through some 5,000 dealerships and showrooms.
Despite the gloomy EV deliveries in the EU, Wedbush Analyst Dan Ives believes the best days for Tesla are yet ahead and gives the stock a new 12-month price target of $950.
Apple and Hyundai can possibly release a “beta-version” of the car by 2022 and it will go into full-scale mass production by 2024. A Hyundai Motors spokesperson has subtly revealed that the two companies are in talks.
With reports of Apple aiming at developing its own EV autonomous vehicles, the company will surely find a collaboration with Hyundai or any other established auto manufacturing firm.
At Coinspeaker we use cookies in order to improve site performance, offer you a better browsing experience and enable you to easily share content.AcceptPrivacy policy
