Apple's automobile plan calls for a collaboration with Hyundai, according to a report published Friday by the Korea Economic Daily. Apple and Hyundai are said to be working on battery technology that will be different from the type of automaker's new battery-electric vehicle platform that will go into production later this year. The report also claims the Apple car will arrive in 2027, but does not provide any further details on the collaboration or possible vehicles or technologies that could emerge from it.
Will they – won't they? Rumors of an Apple car have been circulating since Apple formed an internal group called Project Titan in 2014. With Apple notoriously tight, there are few details about the project other than reports of layoffs and plans to be scaled back. However, 1,200 Apple employees are said to have worked on Project Titan by the end of 2019, and in December 2020 Reuters reported that an Apple car could hit the streets by 2025.
In the meantime, Hyundai Motor Group has quickly grown into a leading provider of BEV technology and is about to debut a new platform called E-GMP that will support 23 different new models by 2025. Hyundai has opted for an 800V electrical architecture for E-GMP that can charge it to 80 percent within 18 minutes. Hyundai is also working on BEVs with the startup Canoo.
A Hyundai spokesman confirmed to CNBC that Apple and Hyundai were in talks:
"We understand that Apple is talking to a variety of global automakers, including Hyundai Motor. As the discussion is in the early stages, nothing has been decided," a Hyundai Motor representative told CNBC's Chery Kang.