Apple may build a fully autonomous electric car with Hyundai-Kia: report

Dow Jones2021-02-04

MW UPDATE: Apple may build a fully autonomous electric car with Hyundai-Kia: report

By Claudia Assis

Apple Inc. is close to a deal with Hyundai-Kia to make an Apple-branded autonomous electric vehicle at a Kia plant in Georgia, CNBC reported late Wednesday, citing "multiple" sources who briefed CNBC on the plan.

The so-called "Apple car" is being developed by a team at Apple $(AAPL)$ and would go into production in 2024, although that date could be pushed back, CNBC said.

No firm agreement has been reached between the companies, and Apple could opt to partner with another auto maker separately or in addition to working with Hyundai , CNBC said.

South Korean media reported earlier Wednesday that the Korean auto maker had received a $3.6 billion investment from Apple as part of a collaboration to make electric vehicles. Hyundai owns about a third of Kia stock.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

February 03, 2021 18:27 ET (23:27 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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Comments

JazzyTazzy
2021-02-04
JazzyTazzy
Another big player
- JazzyTazzy:
  Call Kiap?
Unknown934
2021-02-04
Unknown934
Wow, means GOEV!

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