Economy

Apple and Hyundai Agree to Connect the Electric Car Early This Year: Korea’s IT News

SEOUL (Reuters) – Hyundai Motor Corp. and Apple Inc. plan to sign a partnership agreement on electric self-driving cars by March and begin production as early as 2024 in the United States, local newspaper Korea IT News reported on Sunday.

The report came on the heels of a statement released Friday by Hyundai Motor Corp. that it is in early talks with Apple after another local media outlet said the companies were aiming to launch an electric autonomous vehicle in 2027, driving Hyundai’s shares up nearly 20%. .

Citing industry sources, the latest report said the couple are planning to build cars at a Kia Motors plant in Georgia, or jointly invest in a new plant in the United States, with a plan to produce 100,000 cars in 2024 at the proposed plant with an annual capacity of 400,000 vehicles. Kia Motors is a subsidiary of Hyundai Motors.

The report said that Hyundai and Apple are planning to launch a “trial version” of Apple cars next year.

Both Hyundai Motor and Apple had no immediate comment.

Reuters reported last month that Apple is pressing ahead with self-driving car technology and was aiming to produce a passenger car that could incorporate its own battery technology as early as 2024.

(Hyungo Jin Report; Editing by Ellen Hardcastle)

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