Tuesday February 16, 2021: $133.19 -($2.18) -(1.61%)
Feb 16, 2021 2:42:57 GMT -8
SomeJuan likes this
Post by Dave on Feb 16, 2021 2:42:57 GMT -8
Good morning. We are starting this shortened trading week with a green pre-market at +$0.48 at the moment.
Apple Talked EV Tie-Up With Nissan But Concerns Over Automaker Becoming 'Foxconn' Came In The Way: FT
Apple Inc (NASDAQ: AAPL) was in discussions with Nissan Motor Co., Ltd (OTC: NSANY) for its autonomous vehicle project, the Financial Times reported Monday.
What Happened: The two companies made a fleeting contact and talks did not involve senior members of the management, people familiar with the matter told FT.
The lack of progress is said to be due to differences over branding for the Tim Cook-led company’s EVs, as per FT’s sources.
The iPhone maker reportedly wanted Nissan to make an Apple-branded car, which would have been a step-down for the Japanese company from an automaker to a hardware supplier.
Nissan shares traded nearly 1.7% lower at press-time in Tokyo.
Why It Matters: Carmakers fear becoming the Foxconn better known as Hon Hai Precision Industry Co., Ltd (OTC: HNHPF) of the auto industry, a person told FT.
See Also: Foxconn Taps Nio Co-Founder Jack Cheng To Lead New Open EV Platform
Speculations have been rife on possible collaborations between the Cupertino, California-based tech giant and traditional automakers on the manufacturing of a future Apple Car.
See Also: Why This Apple Analyst Thinks A Collaboration With GM, PSA On Electric Vehicles Is Likely
From the above link:
Foxconn Taps Nio Co-Founder Jack Cheng To Lead New Open EV Platform
The waters continue to be very muddy concerning Apples future car and who will built it. “Working on mysteries without any clues.”.
Apple Talked EV Tie-Up With Nissan But Concerns Over Automaker Becoming 'Foxconn' Came In The Way: FT
Apple Inc (NASDAQ: AAPL) was in discussions with Nissan Motor Co., Ltd (OTC: NSANY) for its autonomous vehicle project, the Financial Times reported Monday.
What Happened: The two companies made a fleeting contact and talks did not involve senior members of the management, people familiar with the matter told FT.
The lack of progress is said to be due to differences over branding for the Tim Cook-led company’s EVs, as per FT’s sources.
The iPhone maker reportedly wanted Nissan to make an Apple-branded car, which would have been a step-down for the Japanese company from an automaker to a hardware supplier.
Nissan shares traded nearly 1.7% lower at press-time in Tokyo.
Why It Matters: Carmakers fear becoming the Foxconn better known as Hon Hai Precision Industry Co., Ltd (OTC: HNHPF) of the auto industry, a person told FT.
See Also: Foxconn Taps Nio Co-Founder Jack Cheng To Lead New Open EV Platform
Speculations have been rife on possible collaborations between the Cupertino, California-based tech giant and traditional automakers on the manufacturing of a future Apple Car.
See Also: Why This Apple Analyst Thinks A Collaboration With GM, PSA On Electric Vehicles Is Likely
From the above link:
Foxconn Taps Nio Co-Founder Jack Cheng To Lead New Open EV Platform
Apple Inc
AAPL
supplier Hon Hai Precision Industry Co., Ltd.-ADR
HNHPF
, widely known as Foxconn, has announced a high-profile appointment for its newly created open electric vehicle platform.
What Happened: Foxconn has appointed Jack Cheng, co-founder of Chinese EV start-up Nio Inc – ADR
NIO 0.03%
, as head of MIH, its open software and hardware platform for developing EVs, local Chinese media outlets reported.
William Wei, the unit's chief technology officer, will assume responsibility for software, the report said.
AAPL
supplier Hon Hai Precision Industry Co., Ltd.-ADR
HNHPF
, widely known as Foxconn, has announced a high-profile appointment for its newly created open electric vehicle platform.
What Happened: Foxconn has appointed Jack Cheng, co-founder of Chinese EV start-up Nio Inc – ADR
NIO 0.03%
, as head of MIH, its open software and hardware platform for developing EVs, local Chinese media outlets reported.
William Wei, the unit's chief technology officer, will assume responsibility for software, the report said.