EVTech

Apple to invest $3.6 billion in Kia, partnering on Apple Car

Update 2/9: Latest reports are the talks between Apple and Hyundai/Kia are off.

Apple will take an equity stake in Kia Motors, and will build a manufacturing facility for the autonomous electric Apple Car car in Georgia, according to South Korean media. Production is expected in 2024.

This is the latest in a series of news and rumors circulating around Apple and the Hyundai Corporation. Specifically, Kia was selected to protect the Hyundai brand as an independent manufacturer.

Kia shares are up significantly on the rumors.

Official announcements are expected within the next 2 weeks.

New Car Tech Delivered Weekly...

Get all the latest in New Car Tech via email. Once a week.


New Car Tech is viewer-supported. When you click or buy through links on our site, we may earn an affiliate commission. And for that, we thank you.
Related posts
EV

The final gas only Lamborghini

1 Mins read
 Lamborghini joins other supercar manufacturers, including Ferrari and McLaren, saying they will only produce hybrid and EV cars in the near future. More:  Lamborghini’s Aventador…
2022 ModelsEV

2022 Hyundai Ioniq 5

1 Mins read
2022 ModelsEV

Mercedes EQS Full Reveal (Photos)

1 Mins read

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *