Apple and Hyundai will reach a partnership agreement for the future Apple Car by March, according to a new report distributed by Reuters, quoting Korea IT News.
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Before being reviewed, Korea IT News According to the report, companies can either produce electric vehicles at a Georgia plant owned by Kia Motors, a subsidiary of Hyundai Motor Group, or invest in a new unit in the United States that could produce up to 400,000 vehicles annually. The report also mentions that a “beta version” of the “Apple Car” could be launched in 2022.
Reuters last month reported that production of “Apple Car” could begin around 2024 and that the time frame was again echoed in today’s report. A production start in 2024 may be a bit ambitious, according to a report from Bloomberg Last week he said that “Apple Car” is far from in production “and could be ready in about five to seven years.
Rumors that Apple is in talks with Hyundai first surfaced last week, suggesting that Apple intends to work with the automaker to produce electric vehicles and develop batteries due to the high cost of technology and production facilities required.
Initially Hyundai confirmed discussions about electric vehicles with Apple in a statement to CNBC, but the statement was revised hours later, with no mention of Apple.