Another Wild Rumor surfaces claiming that Apple and Kia are close to a deal for a US$3.6 Billion Vehicle Plant in Georgia
2021 has certainly started with a bang when it comes to Project Titan rumors. Yesterday a major report broke that Apple had hired Dr. Manfred Harrer, a VP from Porsche AG. If true, it marks a major development in the history of Apple s ambitions of bringing Apple branded electric vehicles to market.
Reports of Apple considering expanding into vehicles have led to speculation on potential manufacturing partners. The technology giant’s car-development work is still at an early stage, and the company will take at least half a decade to launch an autonomous EV, people with knowledge of the efforts have told Bloomberg News.
Kia shares jump after report Apple to invest $3.6B
Bloomberg
Reuters
Kia Motors jumped as much as 14.5 percent after a local media report that Apple will invest 4 trillion won ($3.6 billion) as part of a collaboration with the automaker on making electric vehicles.
The iPhone maker plans to set up production with Kia and build Apple cars at the automaker’s facility in Georgia, U.S.,
DongA Ilbo reported, without citing anyone.
The companies may sign a deal on Feb. 17 and aim to introduce Apple cars in 2024, according to the newspaper, which said they have an initial target to produce 100,000 autos a year.
Apple to Invest $3 6 Billion in Kia to Make EVs, DongA Says bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Apple Rumored to Invest Billions Into Kia Motors
While partnering with other industries is essential for the automotive sector, the last few years has shown most nameplates cozying up with the dominant tech firms at a breakneck pace. Just this week, we learned that Ford will be equipping future models with the Android operating system (courtesy of Google) and it wasn’t long before that we were discussing BMW’s arrangement to integrate its business with Amazon Could Services. Even Taiwan’s Foxconn has shown itself willing to get involved with China’s Zhejiang Geely Holding Group â which owns Volvo Cars, Geely Automotive, Lynk & Co, Proton, Lotus Cars, London Electric Vehicle Company, and more.
Apple reportedly investing $3 6B in Kia to make EVs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.