Apple and Hyundai closer to collaborating on creating an electric car. It was last week when we first learned of a possible collaboration between Hyundai and Apple to develop the rumored car of the Californian brand. Things however did not seem like they were going to go ahead. Now new reports suggest that there will be a massive agreement and there are key dates.
According to Korea IT News and Reuters reports, the two companies plan to reach an agreement for the development of autonomous vehicles. This agreement would be thought for March 2021 with the idea of starting the production of the cars in the United States by 2024.
The report comes just after the first details on the matter came to light last Friday. This caused Hyundai shares to skyrocket in the stock market over the next few hours with up to 20% growth. Hyundai evaded and declined the rumors at the time.
According to the Korea IT News report, production will take place at a Kia Motors (Hyundai affiliate) factory in Georgia, USA. With the idea of having a production capacity of about 100,000 vehicles by 2024. The other option is the creation directly of a new factory built in collaboration by both brands.
The (massive) project of an electric car
For years the arrival of an Apple car has been rumored and for more years we will have news about it. This should not surprise anyone, creating a car is not something as simple as a mobile phone or a computer. Even more so if it is a question of being electric and autonomous, with all the technology and risks that this entails since they are not so developed fields.
Although 2024 may seem like a distant date for the production of the car, the truth is that it is very close. So much so that it is even suspicious that it is so close, considering that other analysts and reports expect the arrival of the car by the end of the decade. In the face of all the uncertainties, the only thing that is clear is that something great is brewing in Cupertino.
Meanwhile, other large technology companies are gradually making space in the vehicle market. Amazon with Zoox , Tesla being Tesla or Google with Waymo are proof of this.