South Korea's Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker's shares skidding.
South Korea's Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker's shares skidding.
Biz / Auto Reuters 23:32 UTC+8, 2021-02-08 0
Hyundai Motor Co said today it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant. Reuters 23:32 UTC+8, 2021-02-08 0
South Korea’s Hyundai Motor Co said today it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding.
Wiping US$3 billion off its market value, Hyundai’s stock slid 6.2 percent. Shares in its affiliate Kia Corp, which had been tipped in local media reports as the likely operational partner for Apple, tumbled 15 percent a US$5.5-billion hit.