Apple Invests $3 Billion In Kia To Build Electric Car : comp

Apple Invests $3 Billion In Kia To Build Electric Car


Apple reportedly wants to launch its new electric car built by Kia in 2024.
After years of uncertainty, Apple's first foray into the automotive industry appears to be getting back on track. To put the car into production, the technology giant wants to partner with a car manufacturer rather than set up its own production plant since the company has no experience in building cars. Allegedly, Apple wanted to join forces with Hyundai, but a report last month claimed that Kia will now take charge of the project as Hyundai wants to focus on its electric Ioniq sub-brand.
Hyundai's first new dedicated EV under the sub-brand, the Ioniq 5, will debut this month. According to Korea's DongA Ilbo, an agreement between Apple and Kia could be made in just a few weeks.

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