- A report from Korea claims that the Apple-Hyundai partnership for the Apple Car may nonetheless be within the playing cards, regardless of Hyundai’s current denials.
- Apple and Hyundai affiliate Kia have reportedly signed a memorandum of understanding final 12 months, agreeing on cooperating in eight sectors, together with electrical automobiles.
- Previous stories mentioned a number of weeks in the past that Hyundai and Kia may mass-produce the Apple Car, with Apple creating the and software program for the driverless electrical automobile.
The Apple Car is the unreleased Apple product that made probably the most waves to this point this 12 months in the case of rumors and leaks. It began late final 12 months when a Reuters story mentioned that Apple goals to launch its first driverless electrical automobile in 2024. The report claimed that whereas Apple is creating proprietary applied sciences for key points of the Apple Car, together with the battery and the self-driving software program, it wasn’t clear how Apple would produce the automobile. Apple might attempt to create its personal manufacturing traces, which might be a extra laborious route or associate with a longtime carmaker.
Today’s Top Deal
Sleek black KN95 masks that Amazon buyers are obsessive about simply hit the bottom worth ever!
You Save: $2.00 (12%)
Reports within the weeks that adopted highlighted Hyundai because the possible associate for the challenge. Hyundai confirmed the deal in preliminary feedback, solely to disclaim any negotiations with Apple later. Hyundai affiliate Kia was additionally featured within the tales that adopted, which mentioned that Apple would make the Apple Car at a Kia facility within the US. Apple would make a substantial funding in order that Kia might develop a manufacturing line devoted to the Apple Car.
These rumors supposedly angered Apple, and the corporate backed away from the Hyundai-Kia deal, exploring different alternatives. But the Hyundai partnership isn’t precisely off the desk.
A South Korea report on Friday mentioned there was potential for Kia to ink a take care of Apple. Per Reuters, Kia inventory rose by eight.1%. Previous Apple Car rumors have additionally despatched Hyundai and Kia shares up.
According to Chosun Biz, Apple and Kia had already signed a memorandum of understanding final 12 months. They supposedly agreed to work collectively in eight sectors, together with electrical automobiles. The report mentioned that negotiations on electrical automobiles had not been utterly canceled.
“Even if the negotiations on electrical automobiles fail, there are a lot of gadgets that may be negotiated in different fields, so we’re nonetheless optimistic about the potential for…