April 22, 2024
Hyundai and Kia Now Say They Are Not in Talks With Apple for Apple Car [Report]

Hyundai and Kia Now Say They Are Not in Talks With Apple for Apple Car [Report]

Posted February 8, 2021 at 3:28pm by iClarified
Hyundai and Kia now say they are not in talks with Apple about production of an electric vehicle, reports Bloomberg. This follows a report from the site last week that said talks were recently paused.

Apple paused discussions with Hyundai and Kia weeks ago about building an electric vehicle, people familiar with the matter told Bloomberg late last week. The Cupertino, California-based company has discussed similar plans with other auto manufacturers, the people added, asking not to be identified because the information isn’t public.

“Talks with Apple ending aren’t going to dampen Hyundai’s strategy because the automaker already has set up plans on its EV business with the Ioniq brand,” said Lee Jae-il, an analyst at Eugene Investment & Securities Co. in Seoul. “There’s still possibility for Hyundai and Kia to cooperate with other automakers for its EV platform.”

In regulatory filings made today, Hyundai and Kia said they are in talks with multiple companies about autonomous EVs; however, no decisions have been made.

Hyundai made headlines earlier this year by confirming it was in talks with Apple. It was then reported that the two companies were planning to sign a partnership deal on the production of an electric autonomous passenger vehicle by March.

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Hyundai and Kia Now Say They Are Not in Talks With Apple for Apple Car [Report]
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