Apple to invest in Kia Motors for manufacturing its electric cars: Reports

According to the latest rumors surrounding the tech world, Apple is going to invest in Kia Motors around $3.6 billion so that it can get all help in manufacturing Apple’s much awaited and talked about project of electric cars.

As per the latest buzz both the companies have partnered and Kia Motors has already planned to set up production to build Apple cars at it’s facility in Georgia. The buzz has helped the shares of Kia Motors which has jumped by more than 14%

Both the companies plan to sign the deal on Feb 17, 2021 and make the official announcement about the same and can set the target for the launch of the electric cars by 2024 and the initial production target is expected to be set at 100,000 a year.

 

 

 

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