Apple is investing 4 trillion won (US$3.6 billion) in Kia Motors in a collaboration to built an electric car.
This is according to a report by Korean outlet DongA Ilbo (via Bloomberg), which claims a deal may get inked on February 17. According to the report, the plan is to launch the Apple Car in 2024, with an initial target of producing 100,000 cars per year. This can later be expanded to 400,000 units, the report claims.
Apple’s funds will be used to build exclusive facilities for…