Apple car to be based on Hyundai’s EV platform

San Francisco: The first Apple electric car will be built on Hyundai’s electric vehicle platform and the initial model could lead to new vehicles built in association with General Motors and European manufacturer PSA, noted TF Securities analyst Ming-Chi Kuo has said.

In a fresh note to investors issued late on Monday, Kuo said that Apple’s deep collaboration with current automakers (Hyundai Group, GM and PSA) who have extensive development, production, and qualification experience will significantly shorten the Apple Car development time and create a time-to-market advantage”.

“We believe that Apple will leverage current automakers’ resources and focus on self-driving hardware and software, semiconductors, battery-related technologies, form factor and internal space designs, innovative user experience, and the integration with Apple’s existing ecosystem,” he added.