A possible $ 3.600 billion investment by Apple in Kia to make the "Apple Car" is leaked

Apple Car

It is the first time that an Apple project does not excite me at all. And it's not that I don't like cars, that I love them, but I am very clear that it will be the first product of Apple Lossless Audio CODEC (ALAC), that, obviously, I'm not going to be able to buy even if I wanted to.

We agree that Apple devices have a high price, but who more and who less, even if it is to pay in three years, can afford the whim of buying an iPhone, an iPad, a Mac, or even AirPods Max, however expensive they are. But a Apple Car, will no longer be available to the majority, where I include myself. Today we have a new rumor about the "Apple Car" project.

A report from the South Korean news outlet Dong-A, explains that Apple and Kia Motors they are negotiating to reach a production agreement for the first car of the Cupertino firm.

This article tells that Apple and Kia are close to reaching an agreement in which the technology giant will invest about 4 billion won (about 3.600 million) in a collaborative effort with Kia to produce the first "Apple Car."

Such investment would be to expand Kia Motors' US production facilities in Georgia. The goal would be to start production in 2024 with an initial capacity of 100.000 cars per yearAlthough the installation can grow to a maximum of 400.000 units per year.

The terms of the contract are unknown and it is not clear what exactly the alleged investment covers. The interest of the automobile group has been talked about for weeks Kia-Hyundai in partnering with Apple to manufacture the first "Apple Car" in history at its plants.

Some reports suggest that the directors of the Korean car manufacturer hesitate to have Apple as a customer. They have still asked for financial reports and are waiting to see if Apple is solvent or not ...


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