Apple Invests Huge Money in Kia To Push Forward Towards the Apple Car

The concept of an Apple Car seemed pretty farfetched a couple of years ago. Recently, though, the company has been involved in a number of rumours sealing this idea. While reports state that the project may be in the pipeline, we may not see an end product for another couple of years. This is pretty normal, actually. The company would be going way out of its normal set of products in order to make something. Not to mention, it would require a lot of R&D and some may even say, a collaboration with a company that specialises in this aspect. Now, Apple’s name has been linked with Kia Motors, a subsidiary of Hyundai Motor Group.

According to this article posted on Donga.com, a Korean site, they claim that the talks are pretty advanced now. They claim that the two companies are already in talks and that they would be signing a contract this month. The article goes into further detail about how Apple would be willing to invest 4 trillion Won in the company. According to them, they would be focusing on production in the US, the Apple statement. Not only that, the plan in Georgia would be able to provide the capacity of about 100,000 cars and the potential to increase that by four times, eventually.

Now, the question remains, when would this be. According to Donga, they would be focusing for an estimated date in 2024. This is a long time to forecast but at least we have some real figures in front of us. Not to mention, how would it affect the company, Hyundai, which also makes electric cars. While these may be competing products, Apple’s lineup is sure to be a more luxury one.