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03 Feb
16:08

Kia’s shares surge to highest level since 1997 on Apple EV rumours

Shares in South Korea’s Kia Motors rose 14.5% on Wednesday after a new report claimed the company will sign a 4 trillion won ($3.59 billion) deal with Apple, Kallanish reports. Citing unnamed sources, local media outlet DongA said Kia would manufacture Apple electric vehicles at its Georgia plant. The collaboration would target an initial production of 100,000/year EVs by 2024, potentially expanding to 400,000 EVs/year later. The report said the deal would …
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