Apple and Hyundai Set to Sign Deal on Production of Apple Car By March [Report]

Apple and Hundai are planning to sign a partnership deal on the production of an electric autonomous passenger vehicle by March, according to Korea IT News via Reuters. This follows a statement from Hyundai last week confirming the company was in talks with Apple.

An early version of the report offered some details on production location, capacity, and timeframe; however, the article has been updated to remove that information.

The previous version said the companies planned to build the cars at Kia Motors’ factory in Georgia, or invest jointly in a new factory in the United States to produce 100,000 vehicles around 2024. The full annual capacity of the proposed plant would be 400,000 vehicles.

The report also said that a 'beta version' of the vehicle could be ready next year.

Reuters previously reported that Apple was targeting production for 2024 but subsequent reports from Bloomberg and Ming-Chi Kuo predict that Apple Car is half a decade away at the earliest.

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