Hyundai Motor, Kia say they are not in talks with Apple on autonomous car development

Reuters2021-02-08

SEOUL, Feb 8 (Reuters) - South Korea’s Hyundai Motor Co and Kia Corp said on Monday they are not in talks with Apple Inc on developing autonomous vehicles, sending their shares tumbling.

In early January, Korea Economic Daily TV reported Apple and Hyundai were in discussions to develop self-driving electric vehicles by 2027 and develop batteries at U.S. factories operated by either Hyundai or its affiliate Kia Corp.

Shares of Hyundai and Kia were trading down 6.8% and 13.6% respectively as of 1216 GMT versus the broader market KOSPI’s 0.6% drop.

So far this year, Hyundai has advanced 30%, while Kia has rallied 63% on reports they may build Apple car. Apple has never acknowledged talks with the automaker about building vehicles.

Reuters reported in December that Apple was moving forward with autonomous car technology and aimed to produce a passenger vehicle that could include its own breakthrough battery technology as early as 2024.

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Comments

  • tothemoon21
    2021-02-08
    tothemoon21
    Oh what happened
  • Thiruuu
    2021-02-08
    Thiruuu
    That’s great
  • MicroStrategist
    2021-02-08
    MicroStrategist
    What...
  • 滚筒
    2021-02-08
    滚筒
    [無語] so where did the rumors/news come from in the first place...
  • potatochip
    2021-02-08
    potatochip
    Hmm.. [暗中觀察] 
  • Unknown934
    2021-02-08
    Unknown934
    Wa this apple keep it so secretive and keeps delaying. By then they finally developed apple car that will be tear 2030. Might as well just work with Tesla. I think will be a lot faster but at a higher cost definitely. 
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