Apple near deal with Hyundai on autonomous cars: reports

Apple near deal with Hyundai on autonomous cars: reports [ad_1]

The report stated Apple needed to work with a longtime automaker keen to permit the California tech large to manage the software program and {hardware} that may go into the car.

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Apple is near a deal on producing its personal autonomous autos in cooperation with South Korean large Hyundai with an announcement possible as quickly as this month, media reports stated.

A report by CNBC tv, citing unnamed sources, stated Apple was working with Hyundai and its Kia model to supply the automotive within the southern state of Georgia.

The report was the newest on the potential tie-up and Apple’s efforts to develop its own vehicle using self-driving technology it has been developing for several years.

A Korean media report stated Apple was set to make a multibillion greenback funding in Kia as a part of the deal, which could possibly be introduced February 17, and that the corporations deliberate to supply 100,000 autos per 12 months from 2024.

Also Read | Apple supplier Foxconn aims to supply to 10% of global EVs

Neither firm commented on the reports.

CNBC stated the deal had not been finalized however that the corporations deliberate to make an Apple-branded autonomous electrical car on the Kia meeting plant in West Point, Georgia.

The report stated Apple needed to work with a longtime automaker keen to permit the California tech large to manage the software program and {hardware} that may go into the car.

Last month, shares in Hyundai soared on reports it was in talks with Apple.

Hyundai stated it had acquired requests to cooperate on self-driving electrical vehicles from numerous corporations, however didn’t verify it was in discussions with Apple.

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