April 19, 2021

Apple, Hyundai to agree on electrical automotive tie-up early this yr: Korea IT Information

SEOUL: Hyundai Motor and Apple Inc plan to signal a partnership deal on autonomous electrical automobiles by March and begin manufacturing as early as 2024 in america, native newspaper Korea IT Information reported on Sunday.

The report follows an announcement on Friday from Hyundai Motor that it was in early talks with Apple after one other native media outlet stated the businesses have been aiming to launch a self-driving electrical automotive in 2027, sending Hyundai shares up practically 20%.

Citing trade sources, the most recent report stated the pair plan to construct the automobiles at Kia Motors’ manufacturing facility in Georgia, or collectively spend money on a brand new manufacturing facility in america, with a plan to supply 100,000 autos in 2024 on the proposed plant with an annual capability of 400,000 autos. Kia Motors is an affiliate of Hyundai Motors.

The report stated Hyundai and Apple plan to launch a “beta model” of Apple automobiles subsequent yr.

Each Hyundai Motor and Apple didn’t have any instant remark.

Reuters reported final month that Apple was shifting ahead with autonomous automotive expertise and was aiming to supply a passenger automobile that might embody its personal breakthrough battery expertise as early as 2024.