Korean IT News reported on Sunday that Apple and Hyundai will sign an agreement to develop an electric car . It's expected that Hyundai will manufacture the car in the US on behalf of the tech giant, with production to commence in 2024.
Also, initial production output was indicated to be 100,000 vehicles in 2024, eventually reaching 400,000 per year. According to the report, Apple's production vehicle will likely be all-electric, and will feature some level of semi-autonomous technology to rival Tesla.
Meanwhile, Hyundai shares soared by 20 per cent late last week following confirmation the two organisations were in talks.
On other hand, this report effectively followed a statement that Hyundai Motor had earlier released on Friday, that it was in early talks with Apple Inc after another local media outlet said the companies aimed to launch a self-driving electric car in 2027.
In contrast, Hyundai Motor declined to comment on the report on Sunday and reiterated Friday’s comments that it has received requests for potential cooperation from various companies on developing autonomous EVs. Moreover, the giant tech had no immediate comment. Another report suggested that Apple and Hyundai could also collaborate on Battery technology.
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