Despite higher sales, X posted a net loss of US$577.4 million in Q3, driven by restructuring costs.

Pony.ai posted Q3 revenue of US$25.4 million, up 72% year-on-year, while its net loss widened about 40% to US$61.6 million.

The facility will include commercial and office space as well as a residential tower, with construction set to begin in 2027.

He previously led Apple Korea from April 2018 to January 2022 and has held roles at Samsung Electronics and Microsoft.