Apple betting billions on Kia to produce EV in the US - report

 


Apple is reportedly in talks with Kia and about to sign a $3.6 billion (£2.7 billion) deal. It is said the cash would cover the cost of developing a new electric vehicle and creating a production line at the Korean automaker's plant in West Point, Georgia – a small town on that state's border with Alabama, about 80 miles from Atlanta, GA.

Rumours about Apple developing an electric vehicle have been flying for years now. Dubbed Project Titan, it is expected to have a strong emphasis on self-driving. Apple CEO Tim Cook admitted as much back in 2017 when he said autonomy is "a core technology that we view as very important" and that developing it is "the mother of all AI projects."

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