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Apple, Hyundai to agree on electrical automotive tie-up early this yr: Korea IT News

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SEOUL: Hyundai Motor and Apple Inc plan to signal a partnership deal on autonomous electrical vehicles by March and begin manufacturing as early as 2024 within the United States, native newspaper Korea IT News reported on Sunday.

The report follows a press release on Friday from Hyundai Motor that it was in early talks with Apple after one other native media outlet stated the businesses had been aiming to launch a self-driving electrical automotive in 2027, sending Hyundai shares up practically 20%.

Citing trade sources, the most recent report stated the pair plan to construct the vehicles at Kia Motors’ manufacturing facility in Georgia, or collectively put money into a brand new manufacturing facility within the United States, with a plan to supply 100,000 autos in 2024 on the proposed plant with an annual capability of 400,000 autos. Kia Motors is an affiliate of Hyundai Motors.

The report stated Hyundai and Apple plan to launch a “beta version” of Apple vehicles subsequent yr.

Both Hyundai Motor and Apple didn’t have any rapid remark.

Reuters reported final month that Apple was shifting ahead with autonomous automotive expertise and was aiming to supply a passenger car that might embrace its personal breakthrough battery expertise as early as 2024.

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