Apple and Hyundai set to agree package to make autonomous cars

11 January, 2021
Hyundai Electric motor and Apple plan to sign a partnership deal on autonomous electric vehicles by March and begin production by around 2024 in america, local newspaper Korea It again Media reported on Sunday.

The report follows a statement on Friday from Hyundai Motor that it had been in early talks with Apple after another localized media outlet said the companies aimed to launch a self-traveling electric car in 2027, sending Hyundai shares up practically 20 per cent.

Hyundai Engine declined to comment on the record on Sunday, and reiterated Friday's comments that it has received requests for potential cooperation from many companies on growing autonomous EVs.

Apple had zero immediate comment.

An updated version of the IT news statement removed particulars, including production location and ability and the timeframe for signing the agreement and launching the pilot vehicles.

The previous version said the firms planned to build the cars at Kia Motors' factory in Georgia, or invest jointly in a new factory in america to create 100,000 vehicles around 2024. The entire annual ability of the proposed plant will be 400,000 vehicles.

Kia Motors can be an affiliate of Hyundai Motor.

The report also said Hyundai and Apple planned to release a "beta version" of the Apple cars next year.

Reuters reported last month that Apple was continue with autonomous car technology and aimed to make a passenger car or truck that could include its own breakthrough electric battery technology as soon as 2024.

Shares in Hyundai Motor rose 14.6 % in morning trade on Monday, while affiliate car parts maker Hyundai Mobis shares rose 12.7 % and Kia shares rose 9.1 % versus a 2 % gain in the wider market.