Reliable analyst (Ming-Chi Kuo) of TF Securities has confirmed the validity of reports that Apple and Hyundai are working together on an electric vehicle.
In a research note, Co said: The first car from a company Apple relies on Hyundai’s E-GMP platform for battery-powered electric vehicles.
Was done Advertising On the E-GMP platform in December of last year, it is a dedicated electric vehicle platform consisting of two motors, a five-link rear suspension system, an integrated drive axle, battery cells, a charging system, and other body components.
The E-GMP platform is expected to be the basis for Hyundai EVs from this year onwards.
The South Korean company claims that its E-GMP vehicles can theoretically reach more than 500 kilometers (310 miles) of range at a fully charged range.
The battery also has the ability to reach 80 percent capacity in 18 minutes via fast charging, although the performance of a single car varies, of course, depending on the design.
Kuo claims that the first Apple car will be produced with Hyundai, but other vehicles that involve cooperation with US General Motors and European Groupe PSA are also a possibility.
The analyst notes that electric vehicles contain 40 to 50 times more parts than a smartphone, making it clear that Apple needs to rely on the carmaker’s current resources if it hopes to build the car on time.
The tech giant will not be able to build its own auto supply chain – as it has with devices like the iPhone and iPad – without incurring major delays, andApple should take advantage of the auto partners’ supply chain resources.
Hyundai is said to be leading component design and production on the first car, while its smaller subsidiary Kia will be responsible for producing cars in the United States.
Hyundai last month confirmed local reports that it was in talks with Apple before retracting its statement.
The final version of the statement said: We have received requests for potential cooperation from several companies regarding the development of autonomous electric vehicles, and no decisions have been taken as discussions are still in their early stages.
Reuters recently reported that Hyundai’s leadership was divided about the prospects for partnering with Apple, and quoted an unnamed executive as saying: We are in pain about how to do it, whether it is good or not, and we are not a company that makes cars for others, and it is not as if working with Apple always leads to great results.
Kuo believes that the earliest possible date for an Apple car to hit the market is 2025, given the longer development lead time, higher verification requirements, more complex supply chain, and very different sales and after-sales service.