Apple will aim to produce 100,000 vehicles annually by 2024 at the Kia plant
The logo of Kia Motors is seen on a wheel of its Carnival car at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. PHOTO: REUTERS
Apple is planning to invest $3.6 billion in Kia Motors as they collaborate to build an electric car reports South Korea’s online news outlet DongA.com
The report said the deal would be signed on February 17. Apple will aim to produce 100,000 vehicles annually by 2024 at the Kia plant according to the report and aims to expand that annual capacity to 400,000 at a later stage.