More details about Apple’s electric car and partnership with Hyundai surface online

by Emma

Less than a month ago, Hyundai confirmed that Apple is working on its own electric car project. Since then, multiple reports have claimed that Apple is joining hands with Hyundai for its highly-anticipated automobile, but there have also been reports of a schism between Hyundai executives over the collaboration with Apple. Now, TF Securities Ming-Chi Kuo – who has a solid track record for Apple-related predictions – has shed more light on the company’s partnership with the South Korean automobile giant.

As per an investor note that was accessed by AppleInsider, Kuo mentioned that the Apple Car will be based on Hyundai’s E-GMP platform for electric vehicles showcased last year. He adds that production will be handled by Hyundai’s Kia subsidiary, while the responsibility of component designing and output will be shouldered by Hyundai Mobis.

Apple's electric

More importantly, Kuo anticipates that the Apple Car likely won’t hit the road until 2025. Additionally, the first Apple automobile will reportedly be priced significantly higher than a regular electric vehicle. This falls in line with chatter going around in the industry that Apple’s electric car will be a high-end machine and not necessarily a mass-market car. Here’s what Kuo wrote in his investor note:

Apple Car won’t be a mass-market electric vehicle

.Kuo mentions that Apple will source manufacturing and assembly hardware to other established names in the automobile industry. In the past, experts have also predicted the outsourcing route for Apple, as creating a robust supply chain for an automobile is way more complex compared to consumer electronics such as phones, tablets, and computers.

That is primarily because a car is made up of a lot more parts than a smartphone, and add to it a lot more intensive R&D process followed by rigorous testing and certification hassles. And if Apple aims to meet its production goal – which according to a Reuters report, will begin in 2024 – then the company will have to leverage the expertise and experience of veteran players in the automobile industry.

Nadeem Sarwar

I’ve been writing about consumer technology for over three years now, having worked with names such as NDTV and Beebom in the past. Aside from covering the latest news, I’ve reviewed my fair share of devices ranging from smartphones and laptops to smart home devices. I also have interviewed tech execs and appeared as a host in YouTube videos talking about the latest and greatest gadgets out there.

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