Why An Electric Car Deal With Hyundai Would Be A Good Thing For Apple
01/08/21 AT 8:35 AM
Hyundai (HYMTF) has confirmed it is in the early stages of talks with Apple (AAPL) to produce an electric, self-driving car, which could be a boon for the tech giant.
While nothing has been confirmed by either party, Hyundai representative Chery Kang told CNBC, “We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided.”
The Korea Economy Daily reported (via Reuters) that Apple was reviewing the terms of a partnership with Hyundai that included both electric vehicle production and battery development at U.S. production plants by Hyundai or its affiliate Kia, with vehicles expected to be released in 2027.