Last month, Hyundai Motor confirmed that the company is in talks with Apple for the production of the tech giant’s ambitious project of making its own autonomous driving vehicle, which is currently being referred to as Apple Car.
It was expected that both the companies will reach a deal by the end of March this year, for the production of Apple Car. But a couple of days ago, it was being reported that the companies may have halted the talks.
Hyundai and Kia have now confirmed that the company has ended talks with Apple related to the production of Apple Car, the tech giant’s upcoming autonomous driving vehicle. In a regulatory filing, Hyundai and Kia said the two firms had received requests from multiple outfits about self-driving electric car development, but no decision had been made as the talks were at the early stages.
During the talks, it was suggested that Hyundai would bring production to the United States, operating a factory in Georgia controlled by Kia with an aim of producing 100,000 cars by 2024. It could have also involved an investment of $3.6 billion from Apple to make the project a reality.
While the talks with Hyundai and Kia have ended without reaching a deal, the status of talks with other companies with Apple is not yet known. Earlier, it was reported that the US-based tech giant was speaking to at least six Japanese automakers at the same time.
Based on the previous reports, Apple plans to make commercial cars by 2024 but that timeline seems aggressive and has already been questioned by many, including notable Apple Analyst Ming-Chi Kuo. Some reports indicate that it will take around 5-7 years for the Apple Car to go into production.
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