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.

Apple and Hyundai feature
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 Roundup: Apple Car

Top Rated Comments

Asarien Avatar
41 months ago
lul. No one's paying Apple's premium markup for a rebranded Hyundai. foh.
Score: 36 Votes (Like | Disagree)
Apple_Robert Avatar
41 months ago

Why not Ferrari????
Usually when you joke, you use a ;) or :P Otherwise, people think you are serious.
Score: 20 Votes (Like | Disagree)
newyorksole Avatar
41 months ago
Apple using Hyundai’s factories is like them using any other factory for their products. Idk why people are skeptical.
Score: 18 Votes (Like | Disagree)
Moonjumper Avatar
41 months ago

Got to hand it to Hyundai. SK continues to be a very innovative and technologically aggressive country. Hyundai has continually improved their cars and gone from a low tier brand to high quality. My guess is they will soon release a high tier brand like Lexus or Infinity. It will be that high end that Apple will use.
Hyundai already has a luxury brand: Genesis.
Score: 15 Votes (Like | Disagree)
ouimetnick Avatar
41 months ago

lul. No one's paying Apple's premium markup for a rebranded Hyundai. foh.
That’s what you think. I’m sure those who rushed out to buy those $550 AirPods Max will also be reserving/preordering an Apple Car regardless of who produces it.
Score: 15 Votes (Like | Disagree)
JPack Avatar
41 months ago
I'd be surprised if Apple weren't negotiating with every major car maker in the world.

You're not going to get the lowest prices by talking with only one maker.
Score: 14 Votes (Like | Disagree)

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