Apple, which reaches tens of millions of people all over the world with its iPhone, iPad and computer products, is on the road.
It was known that the US-based technology company wanted to enter the electric car market for a while.
Recently, Reuters announced that the first electric car to be produced by the company will go into mass production in 2024.
According to the news in Bloomberg, Apple is preparing to sign an agreement with Kia Motors for the production of electric cars.
According to the same report, Apple will invest 4 trillion won ($ 3.5 billion) in Kia Motors to set up an automobile manufacturing and development facility.
Kia’s shares reached their highest level since 1997, following allegations in the foreign press.
The shares of Kia Motors, which Apple plans to invest $ 3.5 billion, rose 14.5 percent after this claim.
Last month, Hyundai increased its shares by 20 percent after Hyundai announced that it was in talks with Apple.
The project, which first appeared in 2014, had not developed for years. Apple transferred former Tesla employee Doug Field in 2018.
Field had fired 190 people from the old project within months.