A report on Tuesday claims Apple and Kia are close to reaching a deal that will see the tech giant invest some 4 trillion won (about $3.6 billion) on a collaborative effort that will bring "Apple Car" to life.
Without citing sources, a report from South Korean news outlet Dong-A, spotted by Bloomberg, says Apple and Kia are primed to strike a production deal on Feb. 27.According to the publication, Apple will invest 4 trillion won to secure access to Kia's U.S. production facilities in Georgia. The companies are eyeing a production run in 2024 with an initial capacity of 100,000 cars per year, though the facility can ramp up to a maximum of 400,000 units a year, the report says.
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from AppleInsider News https://ift.tt/3oPr1pu
Without citing sources, a report from South Korean news outlet Dong-A, spotted by Bloomberg, says Apple and Kia are primed to strike a production deal on Feb. 27.According to the publication, Apple will invest 4 trillion won to secure access to Kia's U.S. production facilities in Georgia. The companies are eyeing a production run in 2024 with an initial capacity of 100,000 cars per year, though the facility can ramp up to a maximum of 400,000 units a year, the report says.Read more...
from AppleInsider News https://ift.tt/3oPr1pu
Apple rumored to invest $3.6B in Kia to produce 100,000 'Apple Cars' per year
![Apple rumored to invest $3.6B in Kia to produce 100,000 'Apple Cars' per year]()
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