7 January 2021, 11:16 pm EST By
Hyundai-Apple partnership is in early phase of discussion for the development of the iPhone maker's self-driving car, which will be released in 2027, three years later the rumored 2024 target.
After local news outlet Korea Economic Daily reported the rumored tie-up, Hyundai Motor shares soared by 20%. It was reported that Apple was the one to suggest the tie-up, sending the proposal to the South Korean carmaker, which is said to be reviewing the terms.
(Photo : Maxime Agnelli/Unsplash)
Hyundai-Apple partnership in early talks
According to CNBC, the possible Hyundai-Apple tie-up will focus on developing a self-driving car. According to the proposal, Hyundai will handle both the battery development and vehicle production for the Apple car. The target release is said to be in 2027, unlike the earlier rumors of a 2024 release.