Hyundai and Apple are Reportedly Closing In On Electric Car Partnership Deal

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Both Apple and Hyundai have been very successful companies over the years that it’s only right to become partners, right?!

According to Hypebeast, the electric car partnership deal will be worth ₩4 trillion won (approx. $3.5 billion USD) with manufacturing. Hyundai will assist Apple with the latter’s branded electric vehicles at its assembly plant in West Point, Georgia.

Sales will involve orders of 100,000 units per year, with a strong possibility of escalating to 400,000 in the following years. The money from the deal will also be used to build additional facilities exclusively for the use of producing Apple’s EVs.

Apple analyst’s Ming-Chi Kuo has mentioned that an “Apple Car” could entail, adding that it would be based on Hyundai’s very own E-GMP platform.

Kuo says, the vehicle will launch as early as 2025, and be geared towards the higher end of the market.

Now as far as the electric car partnership, a deal could be signed as soon as February 17 and production is reported to be scheduled for 2024, although other sources have predicted a slight delay!

Of course, neither Apple nor Hyundai has officially confirmed these reports, therefor interested buyers will just have to stay up to date!

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