Hyundai and Apple’s EV partnership is sending inventory costs upward.
Craig Cole/Roadshow
Hyundai Motor’s inventory costs are marching upward by as a lot as 17.5 %, in accordance with a report revealed Thursday by Reuters.
The rise is probably going as a result of announcement of a partnership between the South Korean automaker and Apple to develop the Apple automobile, aka Challenge Titan. Particularly, it is mentioned that Hyundai will probably be main the battery design for the electrical car.
This information comes just some weeks after the announcement that Hyundai had acquired an 80% controlling stake in creepy robotic canine producer Boston Dynamics for $921 million. We frankly cringe on the considered creepy robotic EV charging snakes or worse popping out of this.
Hyundai did not instantly reply to Roadshow’s request for remark.
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