Apple plans to produce up to 400,000 electric vehicles annuallyAccording to estimates, Apple will start production in 2024 and will produce 100,000 cars per year. In addition, the number of production is likely to reach up to 400,000 units per year in the future. The details of the cooperation will become clearer in the coming days. But Kia will likely be responsible for the production process in this collaboration. Apple will be responsible for autonomous systems, battery technologies and the provision of semiconductors.
Previously, 2015 In Apple's Project Titan called an electric vehicle that works on the project was on the agenda. In addition, there were some developments showing that the company focused on electric vehicle production again. Apple, Tesla from some managers and Porsche was transferred from the vice president.
Following the news of this cooperation between the two companies, Kia shares rose in South Korea. The company's shares have reached a value of 4 trillion won (3.59 billion dollars). In this way, stocks reached their highest levels in more than 20 years.