Who could make the iCar? Apple is running short of options

CNN Business2021-02-09

London (CNN Business) The list of carmakers that might partner with Apple is shrinking. Hyundai and Kia killed off talk of a potential iCar deal on Monday, saying they were "not having talks" with the...

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Comments

Eellen
2021-02-09
Eellen
Really ?
Ladious
2021-02-09
Ladious
Cool, hopefully is the next market disruptor
- greenpepper:
  Really !!
clarenceng
2021-02-09
clarenceng
Anyones play now
Andr3
2021-02-09
Andr3
Good to know
TraderJo98
2021-02-09
TraderJo98
Great!
Theressa
2021-02-09
Theressa
Wow

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Apple is running short of options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-09 13:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/02/08/tech/apple-car-partner/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business) The list of carmakers that might partner with Apple is shrinking.\nHyundai and Kia killed off talk of a potential iCar deal on Monday, saying they were \"not having talks\" with the...</p>\n\n<a href=\"https://edition.cnn.com/2021/02/08/tech/apple-car-partner/index.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GM","symbol_name":"通用汽车","start_time":0,"source_url":"https://edition.cnn.com/2021/02/08/tech/apple-car-partner/index.html","article_id":"1119217335","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1119217335","pubTimestamp":1612847695,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"London (CNN Business) The list of carmakers that might partner with Apple is shrinking.\nHyundai and ","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GM":"通用汽车","HYUD.UK":"现代汽车","HMC":"本田汽车","AAPL":"苹果","NSANY":"日产汽车","PSA":"公共存储公司","TSLA":"特斯拉","F":"福特汽车","0QXR.UK":"菲亚特克莱斯勒汽车公司"},"translate_title":"谁能制造iCar？苹果的选择已经捉襟见肘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"0QXR.UK":0.9,"AAPL":0.9,"F":0.9,"GM":0.9,"HMC":0.9,"HYUD.UK":0.9,"NSANY":0.9,"PSA":0.9,"TSLA":0.9},"content_text":"London (CNN Business) The list of carmakers that might partner with Apple is shrinking.\nHyundai and Kia killed off talk of a potential iCar deal on Monday, saying they were \"not having talks\" with the tech giant about developing autonomous electric vehicles.\nApple declined to comment. It's not clear how far along the company is in developing plans for any potential car, but it has been granted patentsfor a range of vehicle inventions. \"Project Titan,\" its reportedly secretive effort to break into the auto business, has been a frequent source of rumors over the years.\nThe denial from Hyundai and Kia followed media reports suggesting the South Korean group was close to signing a deal to manufacture electric cars forApple(AAPL), potentially in the US state of Georgia. Shares in Hyundai and Kia dropped by 6% and 15%, respectively, giving up some recent gains sparked by the speculation of a tie-up with the $2.3 trillion tech company.\nInvestors may be overreacting. Hyundai and Kia would have burnished their reputations by partnering with Apple, and their factories would have churned out more cars. But it's not clear that partnering with Apple would have helped vault the companies to the top of global carmaking.\n\"If you're Apple, you clearly want control over everything to do with your product,\" said Demian Flowers, an automotive analyst at Commerzbank. \"You want a contract manufacturer, not really a partner.\"\nAutomotive experts generally agree that if Apple wants to get into cars, it needs a partner who already makes them. The investment, expertise and workforce costs needed to manufacture millions of cars a year make it difficult for any company — even one with as much cash as Apple — to jump into the industry.\nWith speculation mounting recently,Ford(F),General Motors(GM),Tesla(TSLA),Honda(HMC),Nissan(NSANF)and Stellantis, the new autos group formed from the merger of Fiat Chrysler(FCAU) and PSA(PUGOY), have all been floated by analysts as potential Apple partners. Yet there are good reasons why none of them may join forces with the tech company.\nThe central question is whether Apple is willing to share its tech expertise with a carmaker, which would give them a big advantage in the race to produce electric and autonomous vehicles that integrate seamlessly with technologies such as 5G networks and cloud computing.\nBut sharing might not be what Apple has in mind.\n\"Apple will not help the company that ends up doing this,\" said Flowers. \"Apple will not share anything. The only benefit you'll get from Apple is the volumes.\"\nA deal that does not include the sharing of technology, and close collaboration on future products, would leave the carmaker in a situation akin to that of Pegatron and Foxconn, which assemble iPhones for Apple but do not reap the huge financial rewards.\nReplicating that business model is something that the major carmakers appear to want to avoid.\n\"Volkswagen wants to develop their own autonomous driving software, they want to create their own operating system. They want control over their own data. They want to compete with the tech guys, the Teslas of this world and anybody else who comes along,\" said Flowers.\n\"Then you ask them, 'Will you, Volkswagen, be the contract manufacturer to a tech guy?' I just don't think they're going to agree,\" he added.\nJürgen Pieper, an analyst at the German bank Metzler, agrees that big carmakers have the most to lose.\n\"They don't want to open the door to Apple,\" he said.\nSmaller automakers that aren't able to invest as heavily in electric and autonomous technology may be more open to a partnership with Apple. Hyundai was one company that fit the bill, according to analysts. Honda, Nissan, Stellantis and BMW(BMWYY) are four more.\n\"Maybe BMW sees it a bit differently, saying, 'OK, at some point we have to accept that Apple is entering the auto business, and if that is happening, we want to be the partner instead of anybody else,' \" said Pieper.\nApple may seek to avoid battles over branding and creative control by hiring a contract producer such as Magna, which already builds cars for automakers including Mercedes-Benz, Toyota, BMW and Jaguar. Magna has even developed its own electric vehicle engineering architecture.\nIf Apple does find a partner among the major consumer brands, the pace of change in the industry will only accelerate.\n\"We look forward to new competitors who will certainly further accelerate the change in our industry,\" Volkswagen CEO Herbert Diess said recently on LinkedIn. \"I have said it before: A mobility company will again be the most valuable company in the world — be it Tesla, Apple or Volkswagen AG.\"","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":383613292,"gmtCreate":1612872735116,"gmtModify":1704875215999,"author":{"id":"3574771607647825","authorId":"3574771607647825","name":"Eellen","avatar":"https://static.tigerbbs.com/0cbc0a268b9b34bfdb5dbf82ce98d474","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":1,"idStr":"3574771607647825","authorIdStr":"3574771607647825"},"htmlText":"Really ?","listText":"Really ?","text":"Really 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disruptor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/383127716","repostId":1119217335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3690649,"gmtCreate":1614612915909,"gmtModify":1680778762109,"authorId":3567808422493554,"author":{"id":3567808422493554,"idStr":"3567808422493554","authorId":3567808422493554,"name":"greenpepper","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":383127716,"type":1,"supId":0,"prevId":0,"content":"Really !!","text":"Really !!","html":"Really !!"}],"langContent":"EN"},{"id":383119916,"gmtCreate":1612850536035,"gmtModify":1704874944982,"author":{"id":"3568633798427444","authorId":"3568633798427444","name":"clarenceng","avatar":"https://static.tigerbbs.com/89aaac4344e6255da6f805bdf3bb155c","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":2,"crmLevelSwitch":1,"idStr":"3568633798427444","authorIdStr":"3568633798427444"},"htmlText":"Anyones play now","listText":"Anyones play now","text":"Anyones play now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383119916","repostId":1119217335,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383110018,"gmtCreate":1612850329234,"gmtModify":1704874945789,"author":{"id":"3570549774646276","authorId":"3570549774646276","name":"Andr3","avatar":"https://static.tigerbbs.com/c41ca7aea5e2b5f410896f8cdc5a940c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570549774646276","authorIdStr":"3570549774646276"},"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383110018","repostId":1119217335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383137052,"gmtCreate":1612850097476,"gmtModify":1704874942072,"author":{"id":"3555067011639600","authorId":"3555067011639600","name":"TraderJo98","avatar":"https://static.tigerbbs.com/4b2fb6c4a2935a517c3b7b2963f0308e","vip":1,"crmLevel":1,"crmLevelSwitch":1,"idStr":"3555067011639600","authorIdStr":"3555067011639600"},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383137052","repostId":1119217335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383131485,"gmtCreate":1612849061647,"gmtModify":1704874935265,"author":{"id":"3574859362835395","authorId":"3574859362835395","name":"Theressa","avatar":"https://static.tigerbbs.com/e44b7dc324227f4e9542ccf1f32702da","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574859362835395","authorIdStr":"3574859362835395"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383131485","repostId":1119217335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":17,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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