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Hyundai & Apple To Team Up To Make Cars: Report

By  |  January 10, 2021

Hyundai Motor and Apple plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States, reported The Wall Street Journal.

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    There has been keen interest in electric vehicle startups with the incredible market success of Elon Musk’s Tesla, which has gone up to a valuation of more than US$700 billion.

    For its part, Apple talked to suppliers about possibly putting out its own car, potentially starting production as soon as 2024, a person familiar with the matter has said, per WSJ. The tech giant had shelved an earlier plan for its own car a few years ago to instead research driverless car technology, but reports last month suggested that the cash-rich device-maker was kicking its long-stalled car project into high gear.

    Hyundai, in commenting on the talks with Apple, stated that “nothing has been decided.” The WSJ noted that Hyundai, in a filing with Korean regulators, stated it had fielded requests for potential cooperation on electric vehicles from multiple companies. Apple declined to comment.

    Apple has ex-Tesla engineering chief Doug Field helping to lead its electric vehicle efforts. The WSJ reported that Field had a key role in developing Tesla’s Model 3 compact car, which helped jump-start the company’s sales and sparked hope that electric cars can go mainstream.

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