Tf securities analyst Ming-Chi Kuo has corroborated reports that Apple and Hyundai are working together on an electric car. Kuo says that Apple’s first car will be based on Hyundai’s e-gmp platform for battery-powered electric vehicles.

The e-gmp platform was announced late last year and is expected to be the basis for Hyundai’s electric cars from this year on a full charge. Hyundai claims that e-gmp vehicles can get over 500KM (310 miles) in range, with the battery able to reach 80 percent capacity in 18 minutes via fast charging.

The first Apple car will be produced together with Hyundai. Other vehicles involving GM and PSA are also a possibility. Hyundai is said to be’taking the lead in component design and production’.

Hyundai confirmed local reports that it was in talks with Apple before walking back its statement.’no decisions have been made as discussions are in early stage,’ read the statement’s final version.

An unnamed executive was quoted as saying’we are agonizing over how to do it, whether it is good’. Hyundai is’not like working with Apple would always produce great results’.