Apple And Kia Are Near To Finalize Deal To Make Apple E-Car

04 Feb 2021

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Apple And Kia Are Near To Finalize Deal To Make Apple E-Car

Apple and Kia are reportedly close to a deal in which Apple will have to invest 6 3.6b KRW 4 trillion in Kia to make electric cars in the future

Apple is dealing with Hyundai's subsidiary, Kia, for US services in Georgia. Apple expects to start manufacturing electric cars with an initial expectation of 100,000 vehicles per year by 2024. This number could be further increased to 400,000 units per year.

According to Industry insider, Apple is leaning towards Hyundai as a key partner in car production due to its electric vehicle platform, EGMP, its production facilities in the United States.
The production and manufacturing of the car will be supervised by Kia, while Apple will have control of the self driving hardware, software and user experience, battery technologies, semiconductors and the form factor.

Apple and Hyundai were talking to precede the project for a while. Hyundai admitted more and more, only to withdraw later. Currently, Hyundai executives are reportedly making a fuss over starting a business with Apple. However, insiders say Hyundai is more than ready and sees it as an opportunity to do favors for Apple's loyal base around the world.

Apple Kia Apple E Car E Car

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