Hyundai confirms they are in talks to produce the Apple Car

We reported yesterday that Apple’s car ambitions were being pushed back nearly a decade by the complexities of actually producing a whole vehicle. Earlier reports have suggested Apple will go the ODM route and have a more experienced company produce the actual hardware, a safer and faster way to get into the market.

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Now Hyundai Motors have confirmed that they are in early-stage talks with Apple over potentially working together to develop an electric car.

“We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided,” a representative from Hyundai Motor told CNBC’s Chery Kang.

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Reportedly electric vehicle production, as well as battery development, were included in the proposal,  with the car possibly being released in 2027.

In a later statement that declined to mention Apple, Hyundai said: “no decisions have been made as discussions are in early stage.”

The news did however result in a sharp increase in Hyundai’s share price, with Hyundai Motor rising 19.42%.

Apple reportedly plans to “re-imagine a car’s interior for a future in which people ride passively rather than steer,” with their Project Titan Apple Car team reportedly “filled with dozens” of ex-Tesla hardware and software engineerings.

via CNCB

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