Apple suspends negotiations with Kia and Hyundai to create an electric car

The reasons for the decision are unknown.

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Apple has been in talks with Kia and Hyundai to create an electric vehicle, but recently suspended discussions. writes Bloomberg citing sources.
The reasons for this decision were not specified. Sources of the publication say that the company is negotiating the creation of an electric vehicle with other automakers. Apple declined to comment.
Apple plans to release an electric car in 2024 on December 22 reported Reuters citing sources. According to the interlocutors of the publication, the company has been working on the project since 2014.
In January 2021, the Korean Economic Daily reported on negotiations between Hyundai and Apple on the joint production of electric vehicles.
In February become other details are known: Kia may become a partner of Apple, investments in the project may amount to $ 6.6 billion, and to work on Apple Car hired Manfred Harrer – Former Head of the Porsche Cayenne Line.
Elon Musk in December 2020 toldthat offered Apple to buy Tesla for $ 60 billion and was refused.

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Apple suspends negotiations with Kia and Hyundai to create an electric car

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