Apple Negotiating with Hyundai for Apple Car Production [Updated x2]
Apple is planning to work with Hyundai on the upcoming Apple Car, according to a report from Korean site Korea Economic Daily.
The report suggests that Apple is in negotiations with Hyundai Motor Group to manufacture an Apple Car. Apple is said to be planning to work with Hyundai to produce electric vehicles and develop batteries due to the "enormous costs" of the technology and the necessary production facilities.
Multiple prior rumors have suggested that Apple will work with a manufacturing partner to produce the Apple Car, but until now, there hasn't been word on which manufacturer Apple might team up with. Since the report mentions "negotiations," a deal may not be established as of yet, so Apple's plans could change.
An Apple Car report earlier today from Bloomberg said that work on the project is still in the early stages and "nowhere near production stage," nor was there a mention of Hyundai. According to Bloomberg, it will be at least five to seven years before an Apple Car is ready to launch.
Update: In a statement to CNBC, Hyundai confirmed that it is in discussions with Apple. "We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided."
Update 2: Bloomberg reports that Hyundai again revised its statement, removing the reference to other automakers. A few hours after that, it issued another revision that omits Apple completely: "We've been receiving requests for potential cooperation from various companies regarding development of autonomous EVs," reads the latest version. "No decisions have been made as discussions are in early stage."
Related Stories
Apple has lost "several" top managers from its internal Apple Car project, codenamed "Project Titan," causing a potential setback to the launch of the self-driving car, according to a new report from Bloomberg.
From the report:
Apple Inc. has lost multiple top managers of its self-driving car team in recent months, a sign of attrition at the division involved in what could become an...
Apple is rumored to be planning to invest 4 trillion won ($3.6 billion) in Kia Motors as part of a planned manufacturing partnership between the two companies, according to Korean site DongA Ilbo (via Bloomberg).
Apple and Kia (an affiliate of Hyundai) are said to be establishing a production relationship that will see Kia build Apple Cars at its U.S. facility located in Georgia.
Apple...
Monday February 15, 2021 12:30 am PST by
Sami FathiApple is expected to partner with a third-party car maker to build its rumored self-driving car with reports surfacing in January suggesting that Apple was eyeing Hyundai to be the official partner for Apple Car. Subsequent reports suggest Apple is actively pursuing all of its options and talking to a number of different manufacturers. In the latest round of speculation, Apple reportedly...
Apple can be expected to shed some light on its highly secretive internal project called "Project Titan," a codename for its self-driving car sometime in the next 3-6 months, according to Wedbush analyst Dan Ives.
Ives made the comments during a segment on CNBC Television, in which he reiterated Wedbush's belief that Apple will not actually release a consumer car until at least 2024. Ives...
Rumors that Apple is in negotiations with Hyundai about developing an Apple Car have been in the air over the last few weeks, and a new Reuters report today provides further details on the state of play between the two companies.
According to the report, the outlook for a deal has dimmed because Hyundai executives are divided over the prospect of working with Apple. Hyundai's main concern is ...
Apple Car rumors continued to surface on Friday, with reports that Hyundai Group affiliate Kia has approached potential partners about a plan to assemble Apple's autonomous electric vehicle at its West Point plant in the U.S. state of Georgia (via The Wall Street Journal).
Kia Corp. has approached potential partners about a plan to assemble Apple Inc.'s long-awaited electric car in Georgia,...
Rumors about Apple's work on an autonomous car have picked up in recent weeks, but the project is still in the early stages and it will be years before an Apple Car launches, according to a new report from Bloomberg.
Sources with knowledge of Apple's product plans told Bloomberg that it will take Apple "at least half a decade" to launch an autonomous electric vehicle.
Apple has a small...
Apple and Hyundai will reach a partnership agreement for the upcoming Apple Car by March, according to a new report shared by Reuters, citing Korea IT News.
Before being revised, the Korea IT News report said that the companies may either manufacture the electric vehicles at a Georgia factory owned by Kia Motors, a Hyundai Motor Group affiliate, or invest in a new facility in the United...
The Car Connectivity Consortium today announced that its Digital Key 3.0 specification with support for Ultra Wideband and Bluetooth LE connectivity will be made available to members like Apple by the middle of 2021. At WWDC 2020, Apple introduced a new NFC-based digital Car Key feature that allows users to unlock and start their vehicle by holding a compatible iPhone or Apple Watch near...
The first Apple Car that's released will not be designed to operate with a driver, according to a report from CNBC that cites multiple unnamed sources with knowledge of Apple's plans. "These will be autonomous, electric vehicles designed to operate without a driver and focused on the last mile," said one of the people.
CNBC speculates that the initial Apple Cars could be designed for food...
Top Rated Comments
You're not going to get the lowest prices by talking with only one maker.