Hyundai and Kia Closer to Apple Car Deal

For years there have been speculations about Apple diving into the automotive industry by launching its own car; throughout the following years, It will be materializing all of the rumors. Hyundai and Kia have been working vigorously toward closing a deal with Apple on the development of its own autonomous and electric car which up until now has been referred to as the ‘Apple Car’.

However, there is no certainty of the partnership; in fact, many presume that Apple will end up working with a different automotive company since there is no evident nor strong reason for them to select this auto company. Both public relations representatives declined to answer or confirm the veracity of the deal, which leads us to assume that if the business is not structured yet, then there is still a lot of time for the concrete product to be launched.

Morgan Stanley analyst Katy Huberty pronounced herself on the financial aspect of the deal; she stated that this could immensely benefit Apple, to a point where they could reach ten trillion dollars by developing the Apple Car market. Even though their smartphone business is significant, the company would only need to buy 2% of the new deal shares in order to reach five-hundred billion dollars which is the annual amount sold in phones.

Needless to say, the car is planned to count with the highest level in technological structure and it is expected to be a self-drive car, meaning no one should be inside the vehicle in order for it to mobilize from one place to another. Also, many anticipate for it to be electrical and environmentally friendly. With that being said, it is fair for the public to expect either similarity or connections with the prestigious company, Tesla. Although Musk himself said that Apple CEO Tim Cook rejected the invitation of working together; without a doubt, these two successful companies together can start a completely new trend in transportation, robotaxis and self-driving cars. These types of innovations can transform the way in which food is deliver, how private and public transportation function, and many more things that only companies with such influence could achieve.

Should the Apple Car come to fruition, it will one day be a popular choice on the Swapalease.com marketplace.