Hyundai, Apple partnership rumours suggest prototypes could show up 2022

Andrew Cummings
January 14, 2021

A number of rumours surrounding the Apple vehicle have emerged in recent weeks, with Bloomberg reporting a handful of former Tesla executives have joined the project.

"But we have yet to make any decisions because discussions are in the early stage". The confirmation led Hyundai's shares to shoot up nearly 20%.

The companies plan to produce 100,000 vehicles that year, before reaching an annual capacity of 400,000.

This was initially reported by the Korea Economic Daily where they claimed that Hyundai was in negotiations with Apple about potentially being one of the manufacturers for the rumored Apple Car.

Hyundai Motor Group has revealed its plans for this year, pointing out that all three of its subordinate auto brands will launch an electric crossover SUV in the coming months. During collaboration with Apple, Hyundai Motor will be able to secure Apple's mobile phone operating system and contents. This is because it is also talking with other global carmakers aside from Hyundai.

While the vehicle won't get the green light by 2024, with the mass production to thus kick off in some three years, a so-called "beta version" of the Apple Car is likely to see the daylight as soon as 2022.

Recent reports say Apple has hired several former Tesla executives to bolster the team as well as a former BMW engineer and staff who have worked on Google's auto project.

Although Apple is shifting its product development into high gear by recruiting those who worked as Tesla executives and engineers, Apple may give up making efforts to manufacture cars as it has been considering supplying autonomous driving systems to third-party partners that are automakers. Speculation about the alliance has already appeared through different sources and the announcement even caused the brand's shares to skyrocket in early January 2021.

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