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Home / Business / Apple and Hyundai reached an electric vehicle cooperation agreement at the beginning of this year: Korea IT News

Apple and Hyundai reached an electric vehicle cooperation agreement at the beginning of this year: Korea IT News



Seoul (Reuters)-Local newspaper “Korea IT News” reported on Sunday that Hyundai Motor and Apple plan to sign a cooperation agreement on autonomous electric vehicles in March and start production in the United States as early as 2024.

Before the report was released, Hyundai Motor issued a statement on Friday that it was in early negotiations with Apple. Earlier, another local media said that the two companies’ goal is to launch self-driving electric vehicles in 2027, which will increase Hyundai’s stock price by nearly 20%.

The latest news quoted industry sources as saying that the two plan to produce cars at Kia Motors’ plant in Georgia, or jointly invest in a new plant in the United States. They plan to produce 1

00,000 vehicles at the proposed plant in 2024, with an annual production capacity of 400,000 vehicles. . Kia Motors is a subsidiary of Hyundai Motor.

The report stated that Hyundai and Apple plan to release a “test version” of Apple cars next year.

Neither Hyundai nor Apple immediately commented.

Reuters reported last month that Apple is promoting the development of self-driving car technology and plans to produce a passenger car that may contain its breakthrough battery technology as early as 2024.

Reporting by Kim Hyunjo; Editing by Elaine Hardcastle


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