Apple and Kia settle for electric vehicle production

Apple and Kia are about to make a $3.6 billion deal, according to a local newspaper DongA. The announcement is likely to take place on February 17Apple's, Apple CR for the production of Hyundai and Kia had taken place in the press with news that opinion. The reasons why Apple turned to Hyundai as the primary partner have also been revealed. In this thinking of the technology giant, Hyundai's electric vehicle platform E-GMP, production facilities in the USA and 2024 It was effective that they could start production in 2012.

Apple plans to produce up to 400,000 electric vehicles annually

According 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. AppleTesla 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.
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