Apple Could Invest As Much As $3.6 Billion In Kia

The rumors surrounding Apple’s plans for their own electric car don’t seem to be dying down anytime soon. In fact, if anything, it sounds like Apple’s plans are actually speeding up where if the rumors are true, they could sign a deal with Kia as soon as the 17th of February to  establish a production relationship.

This comes on the back of rumors that Apple and Hyundai, Kia’s parent company, have been in talks. Now based on the latest news from Korean publication DongA Ilbo, they are claiming that Apple could be investing as much as $3.6 billion in Kia Motors as part of their potential partnership.

This is rather exciting because building a car is obviously something that Hyundai and Kia are experts in, and it will be interesting to see how the market would react to an Apple-branded car. More recently, it was also reported that Apple could be working with more than just one car maker, such as GM and PSA from Europe.

However, it has been reported that Hyundai’s E-GMP platform will be the key behind the Apple Car, so it stands to believe that Hyundai/Kia will be playing a much bigger role than the other car makers that might also be partnering up with Apple.

Tyler Lee
Categories: Apple, Rumors, Transportation
Tags: Electric Cars, hyundai, kia