In the past few weeks, a handful of reports have indicated that Apple would team up with Hyundai to produce the Apple Car. Now, a new Bloomberg suggests that the two companies recently interrupted their discussions.
Hyundai made a bold statement last month when it confirmed it was in talks with Apple over a possible partnership for the Apple Car. Almost immediately after issuing the first statement, Hyundai backed down and published a new statement without mentioning Apple.
Following Hyundai’s initial statement, a handful of different reports corroborated that Apple and Hyundai were in talks about the Apple electric car that drives itself. More recently, reports have suggested that Apple would be working with Hyundai’s subsidiary, Kia Motors, through a potential investment of $ 3.6 billion.
A new Bloomberg, however, says Hyundai and Apple hit the brakes in their negotiations. One reason for the pause in the negotiations is that Apple is “upset” about the pre-announcement of the Hyundai deal.
Negotiations are currently “paused” and it is not clear when or if they can be resumed. Apple has also “discussed similar plans” with other companies, the report says.
This announcement, and other conversation reports, upset Apple, which has kept development projects under wraps for years and controls supplier relationships with relentless efficiency.
It is unclear whether – or when – discussions between Apple and Hyundai can be resumed. There are only a handful of global car manufacturers with the capacity and capacity to mass-produce vehicles, and it is not clear how many of them would be interested in collaborating with Apple.
Apple and Hyundai have also achieved speed reductions on whether Hyundai or Kia would manufacture the Apple Car. “If negotiations resume, Kia will be seen as more likely and will seek to build an Apple car at its plant in Georgia,” says the report.
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