As shown in a report from Korea’s DongA news service, citing no sources, American multinational technology company Apple Inc. is reported to be preparing to go forward with a manufacturing alliance with Hyundai Motor-affiliated Kia that involves Apple’s $ 3.6 billion worth investment fund in the South Korean automobile manufacturer.
There is a target set by Apple to manufacture 100,000 automobiles annually at the Kia plant by 2024, the study said, with the intention of expanding that annual production capacity at a future date to 400,000.
When approached by Reuters, Apple and Hyundai refused to respond.
After a press release said that its owner Hyundai Motor Group had agreed Kia would be in charge of the planned partnership with Apple on electric vehicles, Kia shares jumped almost 20 percent on Jan. 20.
At the time, Kia said it was evaluating collaboration with several international companies on self-driving electric vehicles, without acknowledging the article that mentions it to making collaboration with Apple.
Last week, Reuters announced that Hyundai Motor Group had’ tentatively agreed’ that Kia would like to work with Apple, quoting an insider from Hyundai.
Hyundai Motor’s shares rose 1.7 percent, while Hyundai Mobis Co Ltd and Hyundai Glovis Co Ltd’s affiliates increased 3.3 percent and 6.7 percent as of 0319 GMT, respectively, surpassing the 0.1 percent rise in South Korea’s broader KOSPI stock index.
Based on the current news, which neither Kia nor Apple are responding to, the proposal calls for the production of 100,000 electric vehicles for Apple at Kia’s West Point, Georgia auto-assembly factory. Amazon reported on the back of that announcement that it has started testing new-generation electric shipping containers in Los Angeles that are being built for it by Rivian start-upper, which this year is planning separately to launch battery-powered vehicles and SUVs.
However, a more curious trend is Will Ferrell’s enlistment by GM for a commercial running during the 2021 Super Bowl in which the comedic actor insists on bringing per-capita sales of electric cars in the U.S. above those of Norway when he operates a Cadillac Lyriq, an electric vehicle expected in 2022. The corporation based in Detroit has dedicated $27 billion to electric and autonomous vehicles and said that it planned to move completely to manufacturing only EVs by 2035 in an event last month.
General Motors is following a step by major automotive producers to move away from vehicles that use traditional energy sources like fossil fuel, with the intention to purchase commercial vehicles that release zero-emission by 2035 and are fully carbon neutral by 2040. The automobile company, which has a much more ambitious roadmap than Ford and Volkswagen competitors, is making the change as the Biden Administration prioritizes drastic cuts in U.S. carbon emissions, particularly from transport.
A significant component of this endeavor is its contribution to the autonomous Research-Based Goals Initiative (SBTi). SBTi is a partnership between the CDP, the Global Compact of the United Nations (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) to minimize the increase in global temperatures to or below 1.5C. A call to action for industries to improve the way they work to minimize net carbon emissions to zero by 2050 is among its attempts. A network of professionals will be brought together by SBTi to support firms with their preparation and assessment and guarantee that initiatives generate the expected outcomes.
That corporations just buy carbon offset credits or promise to expand the green coverage with a lot of trees is actually not the crucial aspect of every SBTi initiative. To enable actual reductions in atmospheric environmental impacts, especially carbon emissions, businesses actually have to modernize goods and processes.
A declaration has already been made about the plan to move its entire portfolio of goods from internal combustion engines to zero-emission propulsion, according to GM’s and VW’s statement. The car manufacturer has made a strategic decision to introduce 30 electric battery models by 2025, including the objective of removing all emissions by 2035. A few of these models, such as the Chevrolet Bolt EUV, GMC Hummer EV, and Brightdrop EV600 cargo truck, are being launched this year. GM will have at least four plants in North America generating EVs by early 2022, including Detroit-Hamtramck, Orion, Mich., Spring Hill, Tenn., and Ingersoll, Ont.
To reach maximum carbon neutrality, the absence of the tailpipe from cars is not enough. Vehicle emissions actually account for about 75 percent of the carbon from GM’s works. That would go a big step, with 40 percent of GM’s model line planned to be battery-powered by the end of 2025, and GM intends to be fully electric by the mid-2030s.
In a comment on a website of a car manufacturer, Ferrell shared that “I’m excited to be a part of GM’s commitment to Evs. I’ve been driving an EV since the mid-80s…well, actually it was a regular car with four AA batteries taped to the carburetor, but it felt like an EV! We’re coming for you, Norway!”
(As in Reuters, the number of electric cars sold in 2020 made up 54% of the total number of new cars sold in Norway this year.)
As at the beginning of this week, on the Super Bowl ads, GM releases a teaser about Evs as the intention. There is one thing out of expectation is the loathing of Will Ferrel for Norway. It can be interpreted clearly.
Norway is known as the country having the highest ratio of purchasing EVs. The reason for mentioning this country of GM is the intention of capturing this market.
In the next 10 years, GM is going to introduce tens of new vehicles using the new Ultium Battery System with the goal of bringing the brand to the US.
After watching the preview on Super Bowl Commercial and referring to the slogan “EVerybody IN” of GM, did everybody mean Will Ferrel and Norway?
As mentioned, EVs in Norway are attractive for any electric car manufacturer in that more than half of all cars sold are electric. In addition, GM aims at the EVs market. Therefore, they are sightly related.
The appearance of a series of EV manufacturers such as Fisker Inc., Arrival, truckmaker Nikola, Canoo, Lordstown Motors, bus maker Proterra, Faraday Future, REE, and luxury EV maker Lucid Motors, along with the presidency of Biden, changed the electric vehicle industry rapidly. The Biden Administration supported the growth of the EV industry by installing more than half a million public charging stations and purchasing electric vehicles for federal agencies to decrease the CO2 emission and create more eco-friendly jobs.
According to the research from Edmunds, there is a slight increase in the sale of EVs in 2020 (2.5%). In addition, it mentions the appearance of 21 brands in this industry in 2021. In these brands, Telsa still holds the top position with more than 50% of the sale in the United State in 2020.
The director of Edmunds, Jessica Caldwell, stated that “After years of speculation and empty promises, 2021 is actually shaping up to be a pivotal year for growth in the EV sector. We’re not only about to see a massive leap in the number of EVs available in the market; we’re also going to see a more diverse lineup of electric vehicles that better reflect current consumer preferences. And given that the new presidential administration has pledged its support for electrification, the U.S. is likely to see incentive programs targeted at fostering the growth of this technology further.”
The cooperation of Amazon with Rivian has built an investment fund of $8 billion for the production to enhance the eco-friendly vehicles and expand this zero-emission vehicles market. Amazon is going to use 100,000 electric trucks of Rivian for transporting goods. In this context, many startups like Arrival, Lordstown, Nikola, and XOS Trucks can see great growth potential in the commercial truck market on a medium and heavy scale.
Amazon shared that this company also intends to expand the usage of the electric truck to 15 other cities in the US besides the electric truck which is running in Los Angeles. This plan is known as a stage in the whole program to eradicate CO2 emissions by 2040.
In a blog, the founder and CEO FJ Scaringe of Rivian told about the capacity to run a path of 150 miles in each full charge of the electric vans using in Los Angeles that “is one example of how Rivian and Amazon are working toward the world of 2040, and we hope it inspires other companies to fundamentally change the way that they operate.”
In comparison with the truck using in Los Angeles, the electric vehicles for delivery of Amazon have a slight difference. Amazon is trying its best to meet the commitment of The Climate Pledge by 2040. Just a year after the announcement of getting 100,000 electric vehicles for transporting goods, this company starts to test the new vehicles which are manufactured by Rivian. Amazon’s investment list is about researching new technologies, alternative fuels for oils and gasoline, and methods to deliver goods for the customer in a more convenient form.