New reports indicate Apple and Hyundai are on the verge of signing an agreement to manufacture the Apple Car.
Hyundai made headlines when it released a statement saying it was in talks with Apple to produce the highly anticipated Apple Car. Hyundai seemed to instantly realized it had breached the number one rule of working with Apple — don’t talk about working with Apple — and quickly walked back its statements.
It appears that Hyundai’s misstep may not have been a fatal one. According to local newspaper Korea IT News, by way of Reuters, the two companies are preparing to sign a partnership.
The deal will see Hyundai build the Apple Car at its Kia Motors’ factory in Georgia. Alternately, the two companies may build a new factory with the capacity to produce 100,000 around 2024, the initial rumored production window. Eventually, the new factory could produce up to 400,000 vehicles a year.
If the reports are true, it would represent a big win for Hyundai and be the most solid information yet on the proposed Apple Car plans.