Alabama 811 | Know What's Below.

Alabama Newscenter — Apple Car Reports Fuel Speculation of Kia or Japan Carmaker Deal

| February 5, 2021 @ 2:00 pm

The complete article can be found at AlabamaNewsCenter.com.

By Shoko Oda and Sohee Kim
Bloomberg

Speculation that Apple Inc. is seeking a partner to develop its own electric vehicle swept through South Korea and Japan, where shares of major car companies climbed on reports of discussions with the maker of the iPhone.

Kia Motors Corp. is talking to potential partners about a plan to assemble an Apple-designed car, the Wall Street Journal reported Friday. Separately, the Nikkei newspaper said Apple was in discussions with at least six automakers. Conjecture around Apple’s secretive project to design and sell its own car re-emerged in December after a hiatus of several years, with Kia’s part-owner Hyundai Motor Co. mentioned as a potential partner.

The key question is how serious Apple is about taking on Tesla Inc. and other electric-vehicle makers, and whether it has determined it will need an established manufacturer to be able to roll out its own product. The Cupertino, California-based company is said to have a small team of engineers developing drive systems, as well as designers, but with development work at an early stage, any rollout probably won’t happen for another five years.

Click HERE to see the full article on the Alabama NewsCenter website.

Category: ALL POSTS, Partner News Stories

About the Author ()

Alabama News Center tels the stories of the people and businesses powering the states of Alabama, striving to make Alabama a wonderful place to live and work.

Comments are closed.