Renowned tech analyst Ming-Chi Kuo has been closely observing the development of the ‘Apple Car’ which the Cupertino-based global tech giant is touted to bring to life with the help of Hyundai. Recently, Kuo remarked that Apple and Hyundai will closely work with each other to put together an initial model that would serve as a blueprint to vehicles manufactured in the future by the two companies in collaboration with European manufacturer PSA and General Motors.
In a note addressed to investors, Kuo took into account the recent information that had emerged about the partnership between Apple and Hyundai and stated that the first ‘Apple Car’ will be made with the help of Hyundai’s E-GMP electric vehicle platform. Hyundai Mobis will be taking the initiative in designing the components and undertaking the production processes. The production is likely to be handled by Hyundai subsidiary Kia in the US.
Launched in December last year, E-GMP is an out-and-out battery electric vehicle that features two motors, battery cells, five-link rear suspension, charging system, integrated drive axle, and different types of rolling chassis components. The company claims that on a full charge, the system offers a maximum range of 310 miles and within 18 minutes, it can be charged up to 80%.
Hyundai hopes to use E-GMP as a base for many of the models that it will launch under both its flagship and Kia brands.
Kuo also states that the rumors about Apple outsourcing manufacturing and assembly-based services from experienced automobile brands are true. He points out that electric vehicles have 40 to 50 times more parts than the number of components one finds in a regular smartphone. According to him, if Apple wishes to launch a well-operating car in a stipulated time frame, it will have to rely on resources provided by existing automakers. It might be difficult for Apple to put together its own automotive supply chain, especially in the initial days.
In the note, Kuo has written that the collaboration Apple has with automakers like Hyundai Group, PSA, and GM, who have a tremendous amount of experience and resources, will help in reducing the developing time for the Apple Car significantly and also give it a time-to-market advantage. Kuo also predicts that Apple has years of experience behind it and therefore, will able to leverage the resources of its partners very well and channelize it towards the creation of self-driving hardware and software.