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Apple to collaborate with Hyundai on its first electric car model

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In his latest TF Securities investor note, seen by MacRumors, Kuo corroborates recent reports of a potential ‌Apple Car‌ partnership with Hyundai and says that he believes Apple's first vehicle chassis will be based on Hyundai's E-GMP battery electric vehicle (BEV) platform.

Report informs referring to Macrumors.

Announced in December, the E-GMP uses up to two motors, five-link rear suspension, an integrated drive axle, battery cells that can provide range over 500km on a full charge, and can be charged up to 80% within 18 minutes through high-speed charging. A high-performance model based on E-GMP can accelerate from 0-60 miles per hour in less than 3.5 seconds, with a top speed of 160 miles (257 km) per hour. Hyundai plans to sell 1 million BEV units worldwide by 2025.

Apple's deep collaboration with current automakers (Hyundai Group, GM, and PSA) who have extensive development, production, and qualification experience will significantly shorten the ‌Apple Car‌ development time and create a time-to-market advantage. We believe that Apple will leverage current automakers' resources and focus on self-driving hardware and software, semiconductors, battery-related technologies, form factor and internal space designs, innovative user experience, and the integration with Apple's existing ecosystem.

According to Kuo's prediction, Hyundai Mobis will be in charge of some ‌Apple Car‌ components' design and production. Hyundai Group affiliate Kia will provide the U.S. production line for Apple Cars. However, Kuo predicts that Apple may struggle to launch the ‌Apple Car‌ in 2025 because of the more complicated development time and supply chain management involved.

We predict that Apple will launch the ‌Apple Car‌ in 2025 at the earliest. The new iPhone takes about 18–24 months from initial specification definition to mass production based on experience. Given the longer development time, higher validation requirements, more complicated supply chain management, and very different sales/after-sales service channels for the automobiles, we believe that Apple, which lacks car building experience, is already on a tight schedule if it wants to launch the ‌Apple Car‌ in 2025.

Kuo suggests Apple will market the vehicle as a "very high-end" model, or "significantly higher" than a standard electric vehicle, which will benefit the automaker partners. Foxconn, which is already developing electric vehicle parts, will not be involved in ‌Apple Car‌ assembly or casing orders, predicts Kuo.

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New CEO appointed to Azercell Telecom

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Zarina Zeynalova has been appointed Chief Executive Officer of Azercell Telecom LLC, Report informs.

Zarina Zeynalova holds a post-graduate diploma in People Management & Development from Nottingham Trent University in the UK. She is a Fellow Member of the Chartered Institute of People Management and Development (CIPD). She is a graduate of the Executive Management Development Program at Texas A&M University, USA. She holds a B.Sc. degree from Azerbaijan Medical University.

Z. Zeynalova has over 25 years of professional experience in management and organizational development across multiple geographies of the world. For 20 years she has held various management positions in BP offices in Azerbaijan, UK, and the US. She also held senior management positions at PricewaterhouseCoopers (PwC) and Pasha Construction Group.

Note that the former head of Azercell Telecom LLC, Vahid Mursaliyev left his post due to the expiration of his contract.

The main priority of the new CEO of Azercell will be to ensure a leading position in the field of digital transformation in Azerbaijan, along with the development of the communication activities of Azercell.

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Oil prices go up 

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The oil prices, which fell this afternoon, rose again during the evening auctions.

Report informs that Brent crude for June delivery went up 0.12 percent to $66.86 a barrel, WTI June crude futures surged 0.22 percent to $63.33, while May futures climbed 0.17 percent to $63.24 a barrel.

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WHO extends emergency mode due to coronavirus

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The World Health Organization (WHO) has extended the global emergency regime due to the COVID-19 pandemic for another three months.

The decision was made after the Committee on Emergency Situations of the WHO International Health Regulation (IHR) discussed the situation at the 7th meeting.

"The WHO Director-General accepted that the COVID-19 pandemic still remains a Public Health Emergency of International Concern (PHEIC) and agreed with the committee's recommendations," the statement reads.

So far, 142 million people worldwide have been infected with the coronavirus, and more than 3 million of them have died.

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