Kuo: 'Apple Car' to use Hyundai's E-GMP platform, GM and PSA partnerships possible

Noted TF Securities analyst Ming-Chi Kuo weighed in on the ongoing "Apple Car" rumor storm on Monday, saying Apple will work in close cooperation with Hyundai on an initial model that could lead to new vehicles built in association with General Motors and European manufacturer PSA.

In a note to investors, Kuo corroborated recent reports of a potential partnership with Hyundai, saying the first "Apple Car" will be built on that company's E-GMP electric vehicle platform. Hyundai Mobis is taking the lead in component design and production, while Hyundai subsidiary Kia will handle production in the U.S.Unveiled in December, E-GMP is a dedicated battery electric vehicle (BEV) platform that consists of up to two motors, five-link rear suspension, integrated drive axle, battery cells, charging system and other components. According to the company, the system has a maximum range of about 310 miles on a full charge and be charged up to 80% within 18 minutes. Acceleration for a "high performance" configuration stands at 0-60 mph in less than 3.5 seconds and a top speed of 160 mph.

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