Apple, Hyundai set to agree electric car tie-up, says Korea IT News

Cornelia Mascio
Января 14, 2021

Hyundai too recently reported about Hyundai Motor Group's aim to lead the EV movement and introduced an all-new dedicated EV platform that will underpin a range of upcoming Hyundai, Kia as well as Genesis EVs.

Many observers appear to think that the partnership between Apple and Hyundai, the world's fifth-largest automaker, would create a great synergy effect.

The report follows Hyundai's statement on Friday that they were in early talks with Apple.

Under the potential deal, Hyundai and Apple would collaborate not only on the production of electric vehicles but also batteries. "We will disclosure the matter on confirming or within one month from the confirmation".

Hyundai neither confirmed nor denied the news reports.

Although, the carmaker said that "nothing has been decided" at that stage.

The companies plan to produce 100,000 vehicles that year, before reaching an annual capacity of 400,000.

Production of the "Apple Car" is to start as early as 2024.

Industry insiders and securities companies analyze that there is a high possibility of collaboration between the two companies.

Apple has worked on an electric vehicle project, codenamed Titan, over the past several years, and a host of employees are believed to work for the scheme. However, Apple does not have the ability to produce cars. It ranks fourth in the global electric vehicle market share standings. Hyundai had claimed to be in talks for manufacturing batteries for Apple. During collaboration with Apple, Hyundai Motor will be able to secure Apple's mobile phone operating system and contents.

New reports are solidifying rumours Hyundai and Apple will team up to build an electric auto that could be available as soon as 2024, with prototypes to show up sometime in 2022. "Hyundai Motor will have nothing to lose in collaboration with Apple".

Recent reports say Apple has hired several former Tesla executives to bolster the team as well as a former BMW engineer and staff who have worked on Google's vehicle project.

Hyundai has been at the forefront of electric auto development from mainstream brands - it now sells the Ioniq and Kona EV electric vehicles in Australia.

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