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Hyundai confirms Apple is in talks with automakers to launch its electric car
Yesterday, South Korean media reported that Apple is in talks with carmaker Hyundai on co-production of electric vehicles. Against this background, the shares of the South Korean company showed the largest growth in its history.
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After the news appeared, the company issued a statement in which it formally proved the fact of negotiations, noting that Apple is in talks with several other car manufacturers. Also, these discussions are at an early stage and no final decisions on this matter have yet been made:
“We are aware that Apple is negotiating cooperation with various global carmakers, including Hyundai Motors. But these negotiations are still at an early stage, so there can be no final decisions or any specifics, “- follows from the published statement.
Hyundai later updated its statement to remove the reference to Apple from it, making it look like this:
“We are receiving offers of potential cooperation from many different companies that are interested in the joint production of electric vehicles, but at the moment, no decisions have been made yet,” CNBC reports, citing a new statement from Hyundai Motors.
According to Bloomberg, on the background of the news, Hyundai shares rose 19%, and the market value of the car company increased by $ 8 billion. This is the biggest leap since 1988. Then the company released the first generation of the most popular model among all its cars – Hyundai Sonata.
Also recently, the authoritative insider Ming-Chi Kuo said that Apple is working on designing its car, and its release, tentatively, should take place no earlier than 2025.