Taiwanese Companies in Shambles as Korean Media Reports on Hyundai’s Possible Collaboration with Apple

published: 2021-01-25 18:30 | editor: | category: News

Word on the street is that the Apple has been eyeing Hyundai up as a possible collaborator for its Apple Car project, which has been dominating EV headlines recently.

According to the Korea Economic Daily, Apple and Hyundai are currently in talks to manufacture not only the Apple Car, but also the battery used to power the vehicle.

The Daily further indicates that all internal departments within Hyundai are in agreement to pursue the potential collaboration with Cupertino. This is also corroborated by CNBC.

 “We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided,” as told by Hyundai to CNBC’s Chery Kang. The automaker has since clarified that all discussions between the two parties are preliminary and yet to be set in stone.

▲ Hyundai’s concept car, the Prophecy

Incidentally, some outlets previously reported on a potential collaboration between Apple and the Taiwanese supply chain for the Apple Car, which was to be market-ready within a year’s time. In comparison, the Daily is expecting the Hyundai-manufactured Apple Car to be released in 2027, a relatively more conservative estimate.

Hyundai’s stock, listed on the Korea Exchange, soared 20% after news broke of its potential partnership with Apple. Nevertheless, it seems likely that all automakers and battery manufacturers will eventually be rumored to collaborate with Apple for its upcoming EV. Fans of the Apple Car are therefore advised to stay vigilant of the myriad fake news that is sure to come.

 (Image: Hyundai)

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