Following an earlier report today from the Korean newspaper DongA, CNBC now corroborates the partnership between Apple and Hyundai/Kia Motors. According to the new report, both companies are close to finalizing a big deal that will lead to the manufacture of the long-rumored “Apple Car.”
Last month, Hyundai Motor confirmed that the company was in talks with Apple, although it did not reveal the reasons behind it. At that time, rumors suggested that Kia Motors — which is owned by Hyundai — would help Apple manufacture the first Apple Car.
A new report from CNBC says the Apple Car will be manufactured at a Kia facility in West Point, Georgia. Apple and Hyundai are close to sealing a deal, which could be worth about $3.6 billion, according to a Korean newspaper. If the rumors are right, the production of Apple’s first electric vehicle will begin in 2024.