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
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