Hyundai is in talks with Apple to become an Apple Car manufacturing partner

According to a report from Hankyung , Hyundai confirmed that it is in early discussions with Apple about the production of its new car – the Apple Car.

An initial report from this Korean website said that information about Apple in talks with Hyundai Motor had long been rumored and that Hyundai would help Apple make both electric vehicles and develop special batteries to supply. energy for Apple Car.

Part of the development of Apple Car components will take place at one of Hyundai Motors’ facilities in the US, according to Hankyung . The report also corroborates what Bloomberg has stated recently, that the Apple Car will take five to seven years to get to the market, as the manufacturer claims the car will be introduced in 2027.

What’s more interesting and surprising, however, is that Hyundai itself confirmed these rumors after the report. A company spokesperson told CNBC that Apple is in discussions “with many global automakers, including Hyundai Motor”.

This isn’t the first time rumors have suggested that Apple will rely on partners to produce its own electric cars as the Cupertino-based company doesn’t have the facilities ready to make cars. Last year, Reuters reported that Apple Car production is expected to begin in 2024 with “groundbreaking battery technology” that offers longer range and lower costs.

It’s not clear when Apple will announce the Apple Car, but it looks like the company is still working on a consistent plan to introduce it before … the next decade.

After the information was disclosed, the share price of Hyundai Motor rose 17.5%, according to a Reuters report.

Reference 9to5mac