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Tuesday, 12 January 2021 19:24

Apple, Hyundai Ready to Partner in EV Development: Report

Written by Joey Klender, Teslarati

Index

...assist Apple. Last week, Teslarati also reported Hyundai confirmed Apple was going to build an EV, but its release date was slated for 2027.

 

Nevertheless, the developments are early, and the date is far from solidified. All too often, automakers set lofty expectations for themselves that result in the failure to produce an all-electric car. This leads to EV enthusiasts losing faith in a particular company, which has only surged Tesla’s reputation as the EV leader because it has been able to stick to timeframes.

 

Tesla plans to reach Level 5 Autonomy next year, CEO Elon Musk says, and it will also have a $25,000 car released within the next few years. Whether Apple and Hyundai can compete with Tesla is unclear.

 

Still, more competition in the market, especially from a tech giant like Apple, could lead to a more robust market that allows for more advancements to be made in the sector.

 

We thank Teslarati for reprint permission.

 

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