GSMArena.com GSMArena.com

Tip us

1.7m
126k
RSS

EV

Merch

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • Deals
  • MerchNew
  • Coverage
  • Contact
ADVERTISEMENTS

Apple and Kia reportedly nearing $3.6b investment for electric car manufacturing

  • Post your comment
  • Comments (33)

Ivan 03 February 2021

Apple Misc Rumors

A new report from Korean outlet DongA claims that Apple and Kia are nearing a deal that would see Apple make a $3.6b (4 trillion KRW) investment in Kia for future electric car production.

Apple is targeting Hyundai subsidiary Kia for its US facilities in Georgia. Through its investment Apple hopes to begin electric car manufacturing by 2024 with the initial expectation of 100,000 vehicles per year. That figure could further be expanded to 400,000 units per year.

Apple and Kia reportedly nearing $3.6b investment for electric car manufacturing

Industry insiders claim that Apple is leaning towards Hyundai as its main partner to enter into car production because of its electric vehicle platform - E-GMP - its production facilities in the US and its reported ability to begin vehicle production by 2024.

Apparently Kia will handle the production and manufacturing, while Apple will be in control of self-driving hardware, software and user experience, battery technologies, semiconductors and form factor.

Apple and Hyundai have been in talks for awhile. Hyundai admitted as much, only to backtrack later on. Currently it has been reported that Hyundai execs are mulling over whether to enter into business with Apple. However insiders claim that Hyundai is more than ready and sees this as an opportunity to gain favor with Apple's loyal base of users around the world.

Source | Via 1 | Via 2

Related articles
  • Hyundai executives are reportedly split over Apple Car manufacturing partnership Hyundai executives are reportedly split over Apple Car manufacturing partnership
  • Hyundai says it's in talks with Apple to develop an electric car, quickly retracts statement Hyundai says it's in talks with Apple to develop an electric car, quickly retracts statement
  • Apple reportedly targeting car production for 2024 with new battery technology Apple reportedly targeting car production for 2024 with new battery technology
  • Apple Q1 2021 earnings report: $111.4 billion revenue, 1 billion active iPhone users Apple Q1 2021 earnings report: $111.4 billion revenue, 1 billion active iPhone users

Reader comments

s
  • sdcn2
  • yP%
  • 08 Feb 2021

Hi there, What type of battery will they develop to have ample storage in relation to power, to have greater autonomy. Something important will be the amount for CO² emissions to manufacture each car, avoiding the large fines. ☼ .... Dream to ...

  • Reply
M
  • ME
  • ncr
  • 06 Feb 2021

I think you still will be able to buy one ... but not so sure you will be able to sale it later.

  • Reply
?
  • Anonymous
  • rKY
  • 04 Feb 2021

Enough dreaming, time to wake up

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 33

ADVERTISEMENTS

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • Ulefone
  • Tecno
  • Doogee
  • Blackview
  • Cubot
  • Itel
  • TCL
  • Panasonic

All brands Rumor mill

ADVERTISEMENTS

Top 10 by daily interest

  Device Daily hits  
1.Apple iPhone 15 Pro Max96,503
2.Xiaomi Redmi Note 13 Pro+51,667
3.Apple iPhone 15 Pro48,060
4.Apple iPhone 1542,674
5.Samsung Galaxy S23 Ultra37,897
6.Samsung Galaxy A5432,097
7.Apple iPhone 1130,884
8.Xiaomi Redmi Note 12 Pro27,647
9.Xiaomi Redmi 1226,623
10.Apple iPhone 14 Pro Max26,303

ELECTRIC VEHICLES

Audi Q4 e-tron updated with longer range, more power and better equipment for 2024 Audi Q4 e-tron updated with longer range, more power and better equipment for 2024 Nio Phone is official with unrivaled car integration, three 50 MP camerasUK delays ban on new gasoline and diesel cars to 2035
ADVERTISEMENTS

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2023 GSMArena.com Mobile version Android app Tools Contact us Merch store Privacy Terms of use Change Ad Consent Do not sell my data