- Apple, Hyundai plan to invest millions to set-up a new manufacturing unit in the United States to manufacture 1,00,000 vehicles by the end of 2024
A reporter from Korea IT news has stated that the Cupertino tech giant Apple is aiming to form an alliance with Hyundai Motor to launch its upcoming autonomous electric vehicles by the end of March 2024. On Friday, the Korean automobile manufacturing firm said that they already in discussion with Apple. Another unnamed media claimed that the company is intending to unleash its all-new self-driving car by 2027 that would boost Hyundai’s share up to 20 percent.
A month back, Apple’s sources said to Reuters that the firm is planning to introduce the much-awaited self-driving car technology and also eyeing to launch a new passenger vehicle by the end of 2024. The car would be furnished with Apple’s in-house battery technology, people familiar with the matter told Reuters. Dubbed as Project Titan, Apple’s automotive plans began back in 2014 and since then, it commenced designing its vehicle from scratch.
Upon Sunday’s report, Hyundai refused to comment anything official, but it has clearly said to media that they have received several offers from various firms on introducing the first of its king independent EVs.
After detailing the partnership deal, the Korean IT news wiped out all details regarding the location of production, timeline, and capacity for signing the MoU. Previously, the same media houses reported both the companies are aiming to manufacture the cars at Kia Motors’ manufacturing plant located in Georgia. Also, they are planning to invest millions to set-up a new manufacturing unit in the U.S. to manufacture 1,00,000 vehicles by the end of 2024. The overall yearly production from the plant would be around 4,00,000 vehicles.