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Hyundai aims to add 20 new electric models, inflating list of its EVs to 23 by 2025

Hyundai aims to add 20 new electric models, inflating list of its EVs to 23 by 2025
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Apple Inc (NASDAQ:AAPL), Flextronics International Ltd (NASDAQ:FLEX) - Why Apple Car Is Likely To Follow iPhone s Playbook On Production

Share: Apple Inc (NASDAQ: AAPL) is likely to use an approach similar to one it uses to make the iPhone for manufacturing its rumored electric vehicle, Bloomberg reported Wednesday. What Happened: The Tim Cook-led company may work with a contract manufacturer after talks with some automakers did not bear fruit. For making computers, smartphones, and tablets, the Cupertino, California-based company partners with manufacturers such as Hon Hai Precision Industry Co. Ltd (OTC: HNHPF), better known as Foxconn, as well as Pegatron, Wistron, Flex Ltd (NASDAQ: FLEX), and Luxshare. Profit margins of contract suppliers are dwarfed by those of Apple as factories are low-margin businesses.

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