LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Automobile News

Hyundai, Kia AND Apple Inc - what is brewing between these companies for developing autonomous cars? See claims and counterclaims

South Korea`s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric vehicles, sending the automaker`s shares skidding a month after it said it was in early-stage talks on cars with the tech giant

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Hyundai, Kia AND Apple Inc - what is brewing between these companies for developing autonomous cars? See claims and counterclaims
In separate regulatory filings, Hyundai and Kia both said, "We are not having talks with Apple on developing autonomous vehicles."
Written By: Reuters
Updated: Mon, Feb 08, 2021
09:19 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Startup News - Apple loses copyright claims gainst this US security bug maker Corellium LLC; know order, charges levelled against it Startup News - Apple loses copyright claims gainst this US security bug maker Corellium LLC; know order, charges levelled against it
Exclusive: Apple targets car production by 2024 and eyes 'next level' battery technology - sources Exclusive: Apple targets car production by 2024 and eyes 'next level' battery technology - sources
Apple launches app to let users enroll in health studies Apple launches app to let users enroll in health studies
Trump talks trade with Apple CEO Cook as China dispute looms Trump talks trade with Apple CEO Cook as China dispute looms
India manufacturing, retail stores top priority: Tim Cook India manufacturing, retail stores top priority: Tim Cook

South Korea`s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric vehicles, sending the automaker`s shares skidding a month after it said it was in early-stage talks on cars with the tech giant.

Shares in Hyundai and its affiliate Kia Corp slumped 6.6% and 14% respectively as of 0204 GMT while the broader market KOSPI benchmark dropped 1%.

See Zee Business Live TV Streaming Below:

In separate regulatory filings, Hyundai and Kia both said, "We are not having talks with Apple on developing autonomous vehicles."

In early January, shares in both automakers surged - after Hyundai said, "Apple and Hyundai are in discussion, but as it is at early stage, nothing has been decided." So far this year, Hyundai shares have surged more than 20%, while Kia has rocketed 40% on reports they may build an Apple car.

The comment came in response to a local media report that 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 Kia.

But the automaker backtracked the same day, releasing subsequent statements that removed all mentions of Apple but said Hyundai was "getting requests for cooperation on joint development of autonomous electric vehicles from various companies", without identifying any of them.

Apple has never acknowledged talks with the automaker about building vehicles, and wasn`t immediately available for comment outside business hours in the United States.

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.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Apple IncHyundai MotorsKia Motorscar
RELATED NEWS
Startup News - Apple loses copyright claims gainst this US security bug maker Corellium LLC; know order, charges levelled against it Startup News - Apple loses copyright claims gainst this US security bug maker Corellium LLC; know order, charges levelled against it
Exclusive: Apple targets car production by 2024 and eyes 'next level' battery technology - sources Exclusive: Apple targets car production by 2024 and eyes 'next level' battery technology - sources
Apple launches app to let users enroll in health studies Apple launches app to let users enroll in health studies
Trump talks trade with Apple CEO Cook as China dispute looms Trump talks trade with Apple CEO Cook as China dispute looms
India manufacturing, retail stores top priority: Tim Cook India manufacturing, retail stores top priority: Tim Cook

LATEST NEWS

Gold declines Rs 358; silver up Rs 151

7th Pay Commission latest news: Big news for Central government employees - New window opened to save money

Money tip: This plan set to give more money than PPF, FD or even RD

Petrol, Diesel Price – Fuel prices remain unchanged on Friday; expert tells money making strategy on Oil futures

Stocks to Buy With Anil Singhvi: Lumax Auto Technologies is a top pick for Sandeep Jain today | Money Making Tip

Railtel IPO strategy with Anil Singhvi: Share price rises 5 pct on debut today

Gold Price outlook: After record highs of around Rs 56191 and closing the year with 28% gains, here is what has happened now

RailTel IPO Listing today: Great expectations from share price on debut

Yes Bank Share price: This is what Choice Broking highlights

PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved