Hyundai Motor explained on Friday that early talks are going on with Apple soon after neighborhood media documented that the two giants were discussing a tie-up to build electric powered automobiles and batteries.
“Apple and Hyundai are in dialogue, but as it is early phase, very little has been determined,” Hyundai, in a assertion, claimed.
Korea Economic Television set claimed that Apple had approached South Korean vehicle giant Hyundai for a possible partnership to manufacture electric autos and batteries for them.
South Korea’s Yonhap news agency quoted a agent from Hyundai as expressing that the talks with Apple are “at an original stage”.
Weeks back, Reuters noted that the Iphone maker was establishing self-driving car technologies and targetting to manufacture a passenger automobile as early as 2024 with its have breakthrough battery technology.
Apple’s Project Titan is dedicated acquire to self-driving engineering but the Silicon Valley large is regarded to not expose its projects.
Hyundai has by now rolled out entirely-electric cars and trucks and announced it will occur up with ten versions of “electrified, eco-targeted cars” which includes hybrid and hydrogen-driven styles by the finish of 2022.
Following the news, the shares of Hyundai skyrocketed 19.4 for every cent in Seoul, with its affiliate Kia also viewing a increase of 8.4 per cent at the near.