AAPL - Apple will team with Hyundai for first Apple Car model says noted analyst

Noted Apple (AAPL) analyst Ming-Chi Kuo of TF Securities says the company will work with Hyundai (HYMLF) on an initial Apple Car model built on the E-GMP electric vehicle platform.Kuo writes that Hyundai Mobis will handle the component design and production while subsidiary Kia handles U.S.-based production.The analyst notes that EVs contain 40-50 times the amount of parts than a smartphone, which would drive Apple to rely on automakers for parts manufacturing.Kuo: "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."Apple will focus on the "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," says Kuo.Kuo still doesn't think the Apple Car will hit the road before 2025, at the earliest.The E-GMP platform was unveiled in December.

For further details see:

Apple will team with Hyundai for first Apple Car model, says noted analyst