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“Hyundai·Kia, final stage of negotiation for Apple car production”

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“Hyundai·Kia, Apple Car Production Negotiation Final Stage” (PG)

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(San Francisco = Yonhap News) Correspondent Seong-ho Jeong = Hyundai-Kia Motors is in the final stage of negotiations to produce an Apple-branded self-driving electric vehicle called’Apple Car’, economic media CNBC reported on the 3rd (local time).

CNBC cited sources, saying that negotiations to manufacture an Apple-branded self-driving electric vehicle at the Kia assembly plant in West Point, Georgia, are nearing completion.

The sources said that the Apple car being developed by Apple’s internal team is tentatively scheduled to go into production in 2024, but that the final launch could be delayed.

Sources also said that a final agreement has not yet been reached between Apple and Hyundai-Kia Motors, and that Apple may partner with other automakers.

A source familiar with Apple’s automotive development strategy said, “I don’t think that Hyundai is the only automaker that they (Apple) will negotiate with.”

Apple or Hyundai/Kia Motors[000270]Declined to comment on CNBC.

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