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.
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Kia shares are up significantly on the rumors.
Official announcements are expected within the next 2 weeks.
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