The information is from the Korea IT News, published by the Reuters news agency.
One more thing. The world's most valuable tech company is reportedly all set to release their very own auto.
While several rumors pegged a launch as early as 2021, other more credible reports maintained a realistic 2027 window for the Apple Car. However, Apple and Hyundai will produce 100,000 vehicles in 2024, which at the end of the year will be 400,000.More news: Estonian PM Juri Ratas resigns over corruption charges
"Apple and Hyundai are in discussions but they are at an early stage and nothing has been decided", the automaker said.
There's still no certainty Apple will release a vehicle, or that it'll make the reported 2024 target (another Korean publication mentioned a 2027 timeframe). What's interesting now is that Hyundai seems to have confirmed at least part of the report, according to a statement the company issued to CNBC's Chery Kang.
Now from a report, it's been mentioned that Apple and Hyundai are going to make a deal regarding the vehicle somehow by March.More news: Days before Trump exit, USA rebrands Cuba state sponsor of terror
If all of this proves to be true it could be a market-defining move by Apple, which as an outside player has the deep pockets necessary to shake up the current Tesla-dominated EV market, as well as the scaling-up work of traditional automotive manufacturers.
Collaboration with Apple is also expected to be a positive factor for Hyundai Motor. While the timeline is really short, Korea IT News claims that "a beta version of the Apple Car could begin testing next year".
Rumours of Apple releasing its own electric vehicle started circulating in 2014, when Apple CEO Tim Cook reportedly green-lighted the project and handed it over to Apple's Vice President Steve Zadesky, a former Ford engineer.More news: ‘Black Panther 2 will honour Chadwick Boseman, says Marvel President Kevin Fiege
What do you think of having an electric vehicle? The reports send Hyundai shares skyrocketing by close to 20%.