Negotiations for Hyundai to develop into deal manufacturer for the rumored “Apple Auto” EV are receiving far more specific—and pointing specifically to just one of its brands and its U.S. assembly plant.
Apple and Hyundai have reportedly been in talks about a joint exertion to acquire self-driving electric cars and trucks for some time, but South Korean information web page DongA.com is now reporting that Apple’s electrical car or truck will be manufactured at Hyundai subsidiary Kia’s factory in West Stage, Georgia.
The report also claimed Apple will invest $3.6 billion in Kia, and that the offer with parent company Hyundai would be signed February 17, but did not cite any resources, Reuters famous.
Apple is targeting annual manufacturing of 100,000 cars from the Kia manufacturing facility at first, with output raising to 400,000 units for each yr at a later on day, according to the report.
Rumors of an Apple Car—also recognized as “Project Titan” were being reignited in December 2020 with a report that Apple would rely on an evolution of the lithium-iron-phosphate (LFP) pioneered for quantity automotive output by China’s BYD, and now utilized in Chinese-industry Tesla Product 3 sedans. That would radically reduced charges, the report said.
Hyundai Motor Group E-GMP platform
Earlier experiences on Venture Titan tended to mark autonomous-driving tech as the car’s distinguishing element, so the battery rumors are an abrupt change. No matter of what Apple is arranging design and style-smart, the car is anticipated to be built by a contract manufacturer—just as Apple does with its iPhones.
This newest report implies Hyundai is far more than just a ultimate contender for the deal-production position, but Reuters described very last week that Hyundai executives may possibly be acquiring second views. They’re involved about achievable injury to the automaker’s name if it is seen like Foxconn, the Taiwanese company that manufactures iPhones for Apple (and is now also dabbling in EVs).
Hyundai not too long ago unveiled an remarkable modular system for EVs throughout all of its manufacturers. Dubbed E-GMP, it functions 800-volt architecture, and is capable of bi-directional charging and handling autonomous-driving tech, the automaker has reported.
Battery maker SK Innovation is also making a battery manufacturing facility in Commerce, Georgia, about 150 miles from Kia’s factory. The factory will source batteries for Volkswagen electrical autos, and perhaps the Ford F-150 Electric pickup truck as perfectly.
Kia is also expected to unveil a focused electric powered auto to arrive later on this yr, with a 300-mile array, 20-moment rapid-charging, and a crossover entire body fashion. That one is not anticipated to be U.S.-built, having said that.