Friday, May 27, 2022
News Apple Reportedly Investing 4 Trillion Won into Kia for Apple Car

Apple Reportedly Investing 4 Trillion Won into Kia for Apple Car

Is Apple car a go?

  • $4.5 billion Canadian to help build Apple car at US Kia plants

  • Long-rumoured car would use Hyundai E-GMP architecture


A new report from Korea suggests that things are heating up for a possible Apple Car, but this time it’s Kia instead of parent Hyundai Group pegged to be the second half of the collaboration. Media in the country has said that Apple will invest US $3.6B into the automaker to move the partnership forward.

The report started with Dong-A Ilbo, a major South Korean newspaper, who said that it would be Kia making the Apple Car, and that in order to do it Apple was planning to invest 4 trillion won (CAD 4.6B) into Kia. The newspaper said that the companies may sign a deal as soon as the 17th of this month and that they were planning to launch the car as soon as 2024.

Starting with around 100,000 units per year, the site says that that could be expanded as high as 400,000 per year and that the production was expected to take place at Kia’s plant in Georgia, currently home to the Sorento, Optima, and Telluride. That plant is currently capable of around 360,000 vehicles per year, so that could mean a large expansion to the facility is coming.

The says that the Apple investment into Kia will go toward exclusive production and development facilities, pointing out that Apple has done the same with companies like LG when it comes to iPhone and iPad screens.

If the report is correct, it makes it much more likely that reports of the Apple Car riding on Hyundai’s own E-GMP electric platform are correct. That architecture, which will be used for Hyundai and Kia vehicles, is expected to start production this year, offering ranges of up to 500 km.

 

 

Trending Now

Goodyear is Working on Airless Tires that Could Arrive First on Autonomous Vehicles

These tires will be immune to punctures, since they feature an open design Goodyear says these tires will be able to support more...

Rumour: Towards a Dedicated Electric Factory in Mexico for BMW

BMW's new assembly plant in Mexico - the complex opened in 2019 - could soon become the Bavarian division's first electric vehicle production center....

Electric Vehicles could Create More Pollution than Gasoline Powered Vehicles due to their Tires

Tires create fine particle dust which seeps in the ground as they wear on the pavement Electric vehicles being heavier than comparable gasoline...

A Special-Edition Volkswagen Golf R is Headed for North America

A new 20th-anniversary edition Golf R was introduced for Europe a few days ago. Canada’s first Golf R was the MK6 which launched...

Buick Teased a New EV Concept for China

The American brand has a strong presence in China, which is by far its largest market The Electra-X concept is an upcoming electric...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.