Hyundai and Kia fail to reach agreement with Apple to manufacture autonomous electric car

The wait for an Apple Car might be a little bit longer. Hyundai and Kia have confirmed they are “not in talks with Apple over developing an autonomous vehicle.”

In regulatory filings on Monday, both South Korean automakers said they have been receiving numerous requests from other companies, but the requests have not yielded any results.

“Hyundai Motor is getting requests from multiple companies for cooperation in joint development of autonomous, electric vehicles but nothing has been decided since it’s in early stage,” the company said, according to a CNBC translation of a regulatory filing.

Rumours of a potential partnership have been swirling for weeks. In December Hyundai confirmed it was in early talks with Apple about developing the long-awaited Apple Car.

Then last week Drive Tesla reported Apple was preparing to invest $3.6BN into the deal. Production of the electric car would have begun in 2024, initially at 100,000 vehicles per year before ramping up to 400,000 per year.


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