30.51BMarket Cap3.38P/E (TTM)
57.570High55.850Low5.12KVolume55.850Open54.610Pre Close291.14KTurnover0.00%Turnover Ratio3.52P/E (Static)529.92MShares68.53952wk High0.42P/B30.51BFloat Cap36.37652wk Low5.30Dividend TTM529.92MShs Float68.539Historical High9.21%Div YieldTTM3.15%Amplitude20.988Historical Low56.830Avg Price1Lot Size
HYUNDAI MOTOR CO GDR EACH REP 1/2 PFD N/VTG(REG'S')(CIT) Stock Forum
2. Nvidia $NVIDIA (NVDA.US)$ just became the first-ever semiconductor company to rack up a $1 trillion market valuation after its shares surged ~229% this year.
3. In Q2 Nvidia's revenue surged 101% YoY to $13.51 b...
$Contemporary Amperex Technology (300750.SZ)$ $HYUNDAI MOTOR CO GDR EACH REP 1/2 PFD N/VTG(REG'S')(CIT) (HYMTF.US)$
Bloomberg reports the car, which has reportedly been in the works since at least 2018, will have a starting price below US$100k when it debuts, and won’t feature self-driving technology.
The fact it won’t be self-driving represents a significant departure from previous plans; previously it was reported Apple wanted a car without pedals or a steering ...
Will $Lucid Group (LCID.US)$ survive in a much more crowded market segment with competition like Porsche, Audi, Volvo along with Tesla on the high end and $Ford Motor (F.US)$ , Kia, $HYUNDAI MOTOR CO GDR EACH REP 1/2 PFD N/VTG(REG'S')(CIT) (HYMTF.US)$ and $General Motors (GM.US)$ on the lower end of the market? Maybe, I suppose anything is possible.
To begin any autonomous car, you must have a car first. The distance between $Tesla (TSLA.US)$and Tesla-want-to-be is the manufacturing and engineering capability which Apple has none. As we all know, $HYUNDAI MOTOR CO GDR EACH REP 1/2 PFD N/VTG(REG'S')(CIT) (HYMTF.US)$, $BYD Co. (BYDDF.US)$and CATI have openly told Apple no, no, no. I don't know how many no was told under the table.
Clearly car is not cellphone which can be manufactured by almost any OEM vendor in East Asia, Taiwan, China, Japan, Korean, Malaysian, Vietnamese, and a growing list of countries. EV and its key components are not widely available in OEM market. $TOYOTA MOTOR CORP (TOYOF.US)$, $General Motors (GM.US)$, $Ford Motor (F.US)$, and $VOLKSWAGEN A G (VWAGY.US)$are work-in-process. $Rivian Automotive (RIVN.US)$and $Lucid Group (LCID.US)$are far away from basic economy of scale. Until EV manufacturing capability is widely available for cheap OEM vendors, Apple will be kept out of this business.
The general consensus on the initiative is that Apple will seek out a manufacturing partner. But who? Wedbush Securities thinks Apple is very likely to announce a strategic partnership next year that lays out the groundwork needed to enter the autonomous vehicle space. In his update, analyst Dan Ives mentions H $HYUNDAI MOTOR CO GDR EACH REP 1/2 PFD N/VTG(REG'S')(CIT) (HYMTF.US)$, $Tesla (TSLA.US)$, $General Motors (GM.US)$, $Ford Motor (F.US)$ and $VOLKSWAGEN AG (VLKAF.US)$ as potential partners, while noting a partnership in China could include $XPeng (XPEV.US)$ or $NIO Inc (NIO.US)$. Other companies being bandied around Wall Street as potential AAPL partners include $Magna International (MGA.US)$, $Stellantis NV (STLA.US)$ and Foxconn.
The Apple autonomous car news sent shares of many auto stocks a bit lower after they were already in negative territory. Notable decliners include $Lucid Group (LCID.US)$, $Rivian Automotive (RIVN.US)$, $Mullen Automotive (MULN.US)$, $Canoo (GOEV.US)$, $AYRO Inc (AYRO.US)$, $Electrameccanica Vehicles (SOLO.US)$, $Fisker (FSR.US)$, $GreenPower Motor (GP.US)$, $Workhorse (WKHS.US)$, $Nikola (NKLA.US)$, $Arrival (ARVL.US)$, $Faraday Future Intelligent Electric Inc. (FFIE.US)$ and $Proterra (PTRA.US)$.
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