Talks between Apple and Hyundai/Kia on Apple Car have reportedly stalled
What you need to know
- A new report says talks have stalled between Apple and Hyundai/Kia.
- It is currently unclear if and when they will resume.
Recently reported talks with Apple, Kia, and parent company Hyundai over production of an Apple Car are currently paused.
As reported by Bloomberg, Apple and Hyundai/Kia's talks around partnering on the production of Apple's electric car have recently paused. According to those familiar with the discussions, Apple also has been discussing similar potential partnerships with other automakers.
This lines up with earlier reports from today that say the Apple Car could be built by a number of manufacturers and that at least six are currently in play. Another report says that even Kia is searching for other manufacturing partners in order to support the project.
Today's report from Bloomberg goes on to say that it is currently unclear when talks may resume between Apple and Hyundai/Kia. There is also apparently an internal dispute at Hyundai/Kia as to which brand will get to produce the vehicle.
Today's report from Bloomberg puts the brakes on a report from CNBC just a couple of days earlier, which said Apple and Hyundai/Kia were actually close to finalizing a production deal. According to an earlier report from Bloomberg, Apple could invest as much as $3.6 billion in the automaker in order to support the production of the electric vehicle.
Apple declined to comment on the report from Bloomberg.
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Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.