Apple and Hyundai are reportedly planning to team up and build a 'beta' version of an electric car by 2022
Trending News
Apple and Hyundai plan to sign a deal that would lead to a "beta" version of an Apple electric vehicle as early as 2022, according to a Sunday report from Reuters.
Reuters cited a report from Korea IT News that said the companies are planning to sign a deal by March 2021 to partner on the self-driving electric cars, according to a Sunday report from Korea IT News.
With a deal in place, the companies may have a beta version of the vehicle ready by next year, according to the report. Mass production of the self-driving electric vehicles could begin by 2024. The plan would be to build about 100,000 vehicles in the US that year, according to Reuters."However, we still see a concern that HMG could effectively be helping a significant competitor to grow," the analysts wrote.
Read more: Apple is reportedly ramping up its electric vehicle project. Here are the 3 auto companies that are most likely to build the car, experts say.The Hyundai-Apple cars may be built at the Georgia factory that builds Kia Motors vehicles, a Hyundai affiliate. But Hyundai and Apple may instead build a factory that would eventually allow the companies to make about 400,000 vehicles each year.
On Friday, Hyundai reportedly acknowledged it was talking to Apple about the self-driving project.
Apple's cars are expected to use a new type of battery designed by Apple, which would "radically" lower costs and extend how far they could drive between charges, according to a December report.
Copyright © 2021. Times Internet Limited. All rights reserved.For reprint rights. Times Syndication Service.
Next