Apple and Kia are about to make a contract worth USD 3.6 million for the production of Apple Car

3 February 2021, 05:53:39

Korean news outlet DongA reports that Apple and Kia are about to conclude a 4 billion won deal (USD 3.6 million) for the production of Apple Car in Kia's Georgia plant in the USA. The goal is to launch the vehicle in 2024 with an initial volume of 100,000 cars per year and with possibility to expand to 400,000 per year. The report also says that an investigation on the matter showed that the contract was re-scheduled from early February to February 17. However, this second date is also a subject to change depending on the internal circumstances of the companies. Recently, it was announced that Chairman Chung has met with a senior Apple official on a business trip to Singapore last month which was not officially confirmed. Earlier rumors and reports say that the Apple Car will be based on Hyundai's E-GMP EV platform.Source

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