Apple electric car speculation fuels rally in Japanese automakers

By Staff Writer

Apple is reportedly going to finalize a deal with Hyundai-Kia to build its own electric car. Apple was in talks with at least six automakers, with Kia Motors Corp and Hyundai Motor Co emerging as possible partners to work with Apple.

Apple is serious about taking on Tesla Inc and other EV makers and it has determined that it will need an established manufacturer to be able to roll out its own car.

No agreement has been reached yet, but they are tentatively scheduled to go into production in 2024.