Kia

Apple Car By 2024? Hyundai, Kia Stocks Surge As Apple Deal Closes In

KEY POINTS

  • Shares of Hyundai and Kia surged as a potential deal with Apple to build electric vehicles emerges
  • The $3.59 billion deal is expected to be finalized on Feb. 17
  • The first Apple Car will most likely be self-driving, or autonomous

Shares of South Korean automakers Kia and parent company Hyundai surged Thursday after news of a potential deal with Apple to manufacture autonomous electric cars. 

Hyundai and Kia saw their shares rise by 1.22% and 0.31%, respectively, in the Thursday morning trade after it was revealed both were close to finalizing the $3.59 billion deal with Apple to produce electric vehicles at the Kia assembly plant in Georgia. 

A South Korean news outlet said Apple and the two car manufacturers are expected to sign the deal on Feb. 17. 

The agreement comes after years of speculation about whether the game-changing tech company known for its iPhones, iWatches and

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Apple to invest $3.6 billion in carmaker Kia to manufacture its Apple Car



a motorcycle is parked on the side of a road: Apple Car Rumors


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Apple Car Rumors

  • A new report from Korea claims that Apple will invest $3.6 billion in Hyundai affiliate Kia Motors to manufacture the Apple Car.
  • The contract should be signed in the coming weeks, with the first Apple Car supposed to come out in 2024.
  • The vehicle would be mass-produced in the US, with Kia setting up a production line dedicated to the Apple Car.

The Apple Car rumor is picking up steam steadily, with an increasing number of reports indicating Apple’s renewed efforts to manufacture its own self-driving electric car that would rival the likes of Tesla. A report from Reuters said last year that Apple is working on two key technologies for the Apple Car, including a revolutionary battery tech and the self-driving tech (software and hardware). It wasn’t clear at the time whether Apple would develop the project alone, a massive undertaking that

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Hyundai Will Build the Fully Autonomous Apple Car at the U.S. Kia Facility

Month-long reports of a possible deal between Apple and Hyundai, which would bring forth the Apple Car, also known as Project Titan, are kicking into high gear again. Despite denials from Hyundai, the carmaker and the tech giant really are in negotiations over a possible deal.

In fact, CNBC reports, the negotiations are in the final stretches, which would mean the deal is about to be finalized. It would see Apple building its car at the Kia facility in West point, Georgia, no later than 2024.

Word of the Apple Car, or Project Titan, has been around for years, but Apple has said nothing on the record about it yet, in typical fashion. It is believed Hyundai was “forced” to walk back on a previous statement about the deal being negotiated because Apple is so keen on secrecy around all its projects.

Still, like in every other industry, word

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2021 Kia Telluride Nightfall Edition Makes the 3-Row Look Great

  • Kia is adding a blacked-out Nightfall edition to the 2021 Telluride SUV, and we approve of the looks.
  • It includes an exclusive black grille, tons of black accents, and special 20-inch all black wheels.
  • The Nightfall treatment costs $1295 and is available on the Telluride EX AWD with the Premium package, the SX AWD, and the SX Prestige, and will arrive by the end of the summer.

    We’re big fans of the Kia Telluride here at Car and Driver. So much, in fact that we gave it a 10Best award its first year on the market and immediately parked one in our long-term garage. Our long-termer gets tons of praise from the staff on its comfort and good looks—our test car is finished in an elegant Dark Moss shade of green—and for the 2021 model year, Kia is adding a blacked-out Nightfall edition. We’re very much intrigued by the

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