Hyundai Faces A Huge Loss In Apple Car Project

09 Feb 2021

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Hyundai Faces A Huge Loss In Apple Car Project

Hyundai’s subsidiary Kia was previously rumored to be partnering with Apple to manufacture an Apple’s electric car. The news and rumors have been surfacing for weeks but in a recent shocking news it is claimed that the Apple car project between Hyundai and Apple became dead.

According to sources, the automaker recorded a decline of 6.2% value share which caused $3 billion loss while Kia reported a decline of 15% with $ 5.5 Billion on the market value loss. The decline in shares may further increase in future according to experts.

Let’s see what happens in futures whether both members keep continue dealing o r will stop. Reportedly Apple was not happy with a rumors and news about the collaboration with the automaker on social media and sources.

Remember that, the Cupertino tech giant launch its electric car project back in 2014 under the name “Project Titan”. 1000+ employees were leading the project, the Project Titan had a timeline of delivering an Apple electric vehicle by 2019 o r 2020. During the time span of six years, Apple’s car project faced a number of ups and downs. Let’s see what happens next to the project. Stay tuned with Gari.PK for further updates in this regard.

Apple Car Project Hyundai Apple electric car

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