Some Hyundai executives are reluctant to partner with Apple to make electric vehicles, Reuters reported. South Korean auto giant Hyundai’s executives disagree on whether to partner with Apple to manufacture an electric vehicle, according to a Reuters report. Hyundai admitted in early January that it was talking about “preliminary” talks with Apple to make an electric car. However, some executives are reluctant to become contract manufacturers for the US tech giant, a manager familiar with the internal talks told Reuters. “We’re not a company that makes cars for others,” they said. “It’s not that working with Apple always produces great results.” Apple uses contract manufacturers for other products: Foxconn, a Taiwanese company, makes its iPhones, for example. South Korean media reported on Jan. 10 that Hyundai and Apple plan to sign an agreement by March 2021 to create a “beta” version of an Apple electric vehicle in 2022 and possibly begin mass production in 2024. Apple has never acknowledged talks with Hyundai and declined to comment on Reuters on the latest report. Hyundai, which has additional manufacturing capacity, did not release information on talks with Apple on Tuesday in an earnings call announcing its best quarterly profit in three years. Insider asked Hyundai for a comment. People familiar with the talks told Reuters that either Hyundai or Kia – owned by the Hyundai Motor Co-group – would make the electric cars that would be designed, sold and branded by Apple if a deal was hit.
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