• 4
  • 2
  • Favorite

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment2

  • JazzyTazzy
    ·2021-02-04
    Another big player
    Reply
    Report
    Fold Replies
    • JazzyTazzy
      Call Kiap?
      2021-02-04
      Reply
      Report
  • Unknown934
    ·2021-02-04
    Wow, means GOEV!
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial