Technology

Apple, Hyundai to agree on electric car tie-up early this year: Korea IT News

The report said Hyundai and Apple plan to release a "beta version" of Apple cars next year

Photo: REUTERS/Jonathan Ernst/File Photo
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  • Both Hyundai Motor and Apple did not have any immediate comment;
  • The report follows a statement on Friday from Hyundai that it was in early talks with Apple after another local media outlet said the companies were aiming to launch a self-driving electric car in 2027.

Hyundai Motor and Apple plan to sign a partnership deal on autonomous electric cars by March and start production as early as 2024 in the United States, local newspaper Korea IT News reported on Sunday.

The report follows a statement on Friday from Hyundai that it was in early talks with Apple after another local media outlet said the companies were aiming to launch a self-driving electric car in 2027, sending Hyundai shares up nearly 20%.

READ ALSO: Hyundai says in early talks with Apple after electric vehicle tie-up report

Citing industry sources, the latest report said the pair plan to build the cars at Kia Motors‘ factory in Georgia, or jointly invest in a new factory in the United States, with a plan to produce 100,000 vehicles in 2024 at the proposed plant with an annual capacity of 400,000 vehicles. Kia Motors is an affiliate of Hyundai Motors.

READ ALSO: Amazon buys self-driving cars startup Zoox for $1.2 billion, says Financial Times

The report said Hyundai and Apple plan to release a “beta version” of Apple cars next year.

READ ALSO: Apple targets car production by 2024 and eyes ‘next level’ battery technology

Both Hyundai Motor and Apple did not have any immediate comment.

Reuters reported last month that Apple was moving forward with autonomous car technology and was aiming to produce a passenger vehicle that could include its own breakthrough battery technology as early as 2024.

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