Apple and Hyundai plan to sign a self-driving car cooperation agreement by March and are expected to start production in 2024

Hyundai Motor and Apple plan to sign a cooperation agreement on electrified self-driving cars in March this year, and are expected to start production in the United States as early as 2024.

Apple and Hyundai plan to produce new cars at Kia Motors (Kia is a subsidiary of Hyundai) in Georgia’s plant, or jointly invest in a new plant in the United States. They plan to produce 100,000 cars at the proposed plant in 2024, with an annual production capacity of 400,000 vehicles, and the “test version” of Apple cars will be released next year.

It is worth mentioning that Hyundai issued a statement on Friday saying that it is in early negotiations with Apple. Earlier, another local media reported that the two companies’ goal is to launch self-driving electric vehicles in 2027. The news has caused Hyundai’s share price to rise by nearly 20%.