Apple allegedly negotiated with Hyundai for the production of Apple cars [Updated]

Apple plans to work with Hyundai on the upcoming Apple Car, according to a report by Korean site Korea Economic Daily.

The report suggests that Apple is in negotiations with Hyundai Motor Group to manufacture an “Apple Car.” Apple is said to plan to work with Hyundai to produce electric vehicles and develop batteries due to the “huge costs” of the technology and production facilities required.

Several previous rumors have suggested that Apple will work with a manufacturing partner to produce the “Apple Car,” but so far it has not been known which manufacturer Apple could partner with. Since the report mentions “negotiations,” an agreement may not yet be reached, so Apple’s plans could change.

An “Apple Car” report early today Bloomberg he said the project work is still in the early stages and “almost in production”, nor was any mention made of Hyundai. Seconds Bloomberg, it will be at least five to seven years before an “Apple Car” is ready to launch.

Update: In a statement a CNBC, Hyundai confirmed which is in discussions with Apple. “We understand that Apple is in discussion with a wide variety of global automakers, including Hyundai Motor. Since the discussion is in its infancy, nothing has been decided.”