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

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

Hyundai and Kia have been discussing with multiple companies on self-driving electric car development, but haven't made any decision yet, they said in regulatory filings.

By:REUTERS
| Updated on: Feb 08 2021, 07:12 IST
Hyundai, Kia Say Not in Car Development Talks With Apple
Hyundai, Kia Say Not in Car Development Talks With Apple (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.

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.

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
5% OFF
Apple iPhone 13 Pro Max
  • Gold
  • 6 GB RAM
  • 128 GB Storage
Apple iPhone 15 512GB
  • Black
  • 6 GB RAM
  • 512 GB Storage
12% OFF
Apple iPhone 13
  • Blue
  • 4 GB RAM
  • 128 GB Storage

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.

Also read
Looking for a smartphone? To check mobile finder click here.

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.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 08 Feb, 07:12 IST
Tags:
NEXT ARTICLE BEGINS