Tuesday, June 18, 2024
NewsApple Car Rumours Now Bring Japanese Automakers Into Play

Apple Car Rumours Now Bring Japanese Automakers Into Play

Could a different player build Apple Car?

  • Rumours continue to fly about which automaker could build Apple Car

  • Bloomberg suggests Nissan and Mitsubishi have capacity and know-how


While we reported previously on Apple being ready to close a deal with Kia to build the Apple Car at Kia’s plant in the US, more speculation that the tech company is looking at other suitors has caused the stock of Japanese automakers to spike.

According to Bloomberg, citing a report from the Nikkei, Apple has been in discussions with at least six automakers to build the secretive car project for it. The conjecture around the Apple Car, which had disappeared for several years, returned last December when rumours of a partnership with Hyundai came up to source the car.

Apple is said to have teams working on drive systems and designers working on styling and interior, but would likely pursue an established automaker to build the car. Possibly as a response to Tesla’s troubles growing scale and meeting quality control levels, but also because Apple isn’t exactly a manufacturing company ready to spend billions on building new plants and everything else required to start a car company.

The Nikkei said that Honda, Mazda, and Nissan declined to comment on if they were approached by Apple, while Mitsubishi said it was not contacted. A Bloomberg senior analyst said that Nissan and Mitsubishi have idle capacity so might be more interested in taking on the Apple work than some others.

The Kia reports put that company’s shares up 1.5 percent in Soul, while this latest news cause Mazda shares to jump nearly 25 percent with Subaru and Nissan showing large gains and Toyota with a smaller stock price increase.

 

 

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