About two weeks ago, the news about the Apple car was swirling across the internet like a whirlwind even though not too much information could be dug up, there seems to be a clearer path as to how the Cupertino-based tech giant wants to go trough with the development of its own car.
With initial rumors having it that Apple could potentially build its very own car in its own unique ways, others suggested that this might might be a component in partnership with an established car maker with the latter likely to be the case.
According to a recent report from CNBC, Apple is close to signing a deal with Korean car maker Kia in order to build its rumored electric vehicle in the West Point, Georgia facility where the automaker makes its Telluride SUV.
Bloomberg also reported that the deal could result to Apple investing as much as US$3.6 billion into Hyundai which has ultimately led to the company’s stock price surging in South Korea. Hyundai is the the parent company of Kia which is why the business would involve Hyundai directly or indirectly.
About the deal, Bloomberg stated its source to being the South Korean publication DongA IIbo which itself didn’t name its source.
With that said, the “Project Titan” as the Apple Car is often called could debut by the year 2024 if this report were to be true by any means but the newness of Apple in the autonomous vehicle industry could even take much longer before the company finally release its first public product. DongA Ilbo also claims that the partnership would have a goal of producing 100,000 vehicles in its launch year.
Hyundai is also working hard on its E-GMP electric vehicle platform which is targeted at increasing the mileage of electric car’s batteries which could increase them to 310 miles of range on the WLTP cycle. And whether the Apple car will be on this same platform is yet unknown but the technology according to Hyundai will be the first of its kind with a fast-charging technology which would allow the recovery of 80% of its range in just 18 minutes.
Apple didn’t immediately respond to request for comment, while Kia declined to comment.