More Apple car rumours are coming your way, this time with the Wall Street Journal hearing Kia and the iPhone maker are said to be working together for a future electric vehicle.
On late Thursday, the WSJ reported, “Kia Corp. has approached potential partners about a plan to assemble Apple Inc.’s long-awaited electric car in Georgia, according to people familiar with the matter.”
The plan with Apple would see a multi-billion dollar investment, say sources, who noted the deal has yet to be finalized.
Furthermore, one source notes Hyundai has held discussions with Apple about a $3 billion plus deal that would have the Korean automaker’s subsidiary, Kia, build cars for Apple at the latter’s plant in Georgia. This potential agreement would see “up to 100,000 vehicles” assembled in the first year, says a source.
Multiple reports in the past few weeks have cited the same story: Apple and Hyundai working together, but cars built at Kia’s Georgia plant, in a deal that could see Tim Cook’s company invest $3.6 billion.
CNBC said yesterday the first Apple cars “will not be designed to have a driver,”, while analyst Ming-Chi Kuo said this week Apple would use Hyundai’s E-GMP battery platform.
Production of an Apple car at Kia’s plant is said to start in 2024, but Kuo says the first cars to hit the road may be in 2025.