Apple and Hyundai to Sign Apple Car Deal by March With Production Beginning in 2024
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 States that could produce up to 400,000 vehicles annually. The report also mentioned that a "beta version" of the Apple Car could be released in 2022.
Reuters last month reported that Apple Car production may begin around 2024, and that time frame was again echoed in today's report. A 2024 start of production may be a bit ambitious, as a report from Bloomberg last week said that the Apple Car is "nowhere near production stage" and could be ready in around five to seven years.
Rumors that Apple is in negotiations with Hyundai first surfaced last week, suggesting that Apple is planning to work with the automaker to produce electric vehicles and develop batteries due to the high costs of the technology and the necessary production facilities.
Hyundai initially confirmed its electric vehicle discussions with Apple in a statement to CNBC, but the statement was revised hours later with no mention of Apple.
Top Stories
Apple held talks with electric vehicle company Canoo in early 2020, according to a new report from The Verge. Apple and Canoo discussed several options from an investment to an acquisition as part of Apple's efforts to further its electric vehicle project.
Canoo has developed a scalable, modular electric vehicle platform that drew Apple's interest. It is designed to support a range of...
Sunday February 14, 2021 8:49 am PST by
Sami FathiApple is widely rumored to be working on a self-driving car, internally codenamed "Project Titan." Apple reportedly began work on the project in 2014, and years later, the rumor mill is in full swing speculating on when Apple will debut its self-driving technology. Speculation has become so rampant that potential competitors to an Apple Car are already weighing its potential threat to the overall ...
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 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...
Apple is aiming to begin production on an Apple-branded self-driving vehicle starting in 2024, according to a new report shared today by Reuters.
Apple has been working on some kind of car project since 2014, and there was a point when it seemed like the company's efforts could be scaled back to autonomous vehicle software, but after several management changes and shifts in hiring, Apple's...
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 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...
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 is intensely researching all aspects of car engineering and manufacturing, but there are growing questions around what form Apple's vehicle project may take, according to a report from the Wall Street Journal.
Speaking to the Wall Street Journal, Peter Fintl, the director of technology and innovation for Capgemini Engineering Germany, explained that Apple's movement in vehicle supply...
Top Rated Comments
If it's built according to the Apple specs and build quality requirements, what's the problem? Car manufacturers work together all the time. Depending where you live in the world, a fancy Mercedes can come with a Renault engine and the overwhelming majority of people don't know that.