1/10, 2:11 PM (Source: TeleTrader)
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Hyundai, Apple to sign deal on EV production - report

Hyundai Motor and Apple Inc are reportedly intending to sign a partnership deal on autonomous electric vehicle production by March, Korea IT News said on Sunday.

According to the report, production should start in 2024 in the United States and sources familiar with the situation said companies plan to build the cars at Kia Motors’ factory in Georgia or build a whole new factory in the United States.

Industry sources claim that the main plan includes the production of 100,000 vehicles in 2024 and that the "beta version" of the Apple car should be released already next year.

Breaking the News / TF