{"id":150257,"date":"2021-01-08T21:03:58","date_gmt":"2021-01-08T18:03:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/hyundai-says-its-in-talks-with-apple-amid-electric-car-buzz\/"},"modified":"2021-01-08T21:03:58","modified_gmt":"2021-01-08T18:03:58","slug":"hyundai-says-its-in-talks-with-apple-amid-electric-car-buzz","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/hyundai-says-its-in-talks-with-apple-amid-electric-car-buzz\/","title":{"rendered":"#Hyundai says it’s in talks with Apple amid electric car buzz"},"content":{"rendered":"

“#Hyundai says it’s in talks with App<\/a>le amid electric car buzz<\/strong>”
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Apple\u2019s plans to build a \u201cbreakthrough\u201d electric car that could compete with Tesla appear to be heating up.<\/p>\n

South Korean auto giant Hyndai said it\u2019s having early discussions with the iPhone maker on Friday after a local broadcaster reported that the companies were hatching plans to develop self-driving electric vehicles.<\/p>\n

\u201cApple and Hyundai are in discussion, but as it is early stage, nothing has been decided,\u201d Hyundai said in a statement<\/a>, without revealing what exactly the discussions are about.<\/p>\n

The public statement was unusual given that Apple is highly secretive about its plans for future products. And Hyundai on Friday appeared skittish about providing more details.<\/p>\n

The company initially said Apple was in talks with other big automakers, but it reportedly issued a revision to its statement removing that reference.<\/p>\n

In a subsequent regulatory filing, Hyundai said only that it was \u201cgetting requests for cooperation on joint development of autonomous electric vehicles from various companies\u201d but did not name any of them.<\/p>\n

The PR snafu didn\u2019t stop Hyundai\u2019s stock price from skyrocketing on the news<\/a> that it was talking with Apple. The Korea-listed shares ended the day up more than 19 percent at 246,000 won, or $225.02.<\/p>\n

Reports first emerged last month that Apple was working to produce an electric car by 2024 with a new battery design that could slash the cost of batteries and increase the vehicle\u2019s range.<\/p>\n

The tech titan\u2019s talks with Hyundai are focused on developing self-driving electric vehicles by 2027 and developing batteries at American factories run by Hyundai or its subsidiary Kia, Korea Economic Daily TV reported.<\/p>\n

Hyundai could end up being just one of Apple\u2019s electric-car partners \u2014 which will be crucial for the cutting-edge project given that building its own vehicles would be a heavy lift for the Cupertino, California-based company, according to Wedbush Securities analyst Daniel Ives.<\/p>\n

\u201cThe company has been working in Cupertino for years around this autonomous vision and we believe a potential larger strategic partnership with an established EV player such as Tesla or [Volkswagen] would be a golden partnership for the next decade tapping into this EV opportunity,\u201d Ives said in a research note.<\/p>\n

Apple declined to comment Friday. The Silicon Valley giant\u2019s shares were up about 0.4 percent at $131.44 as of 10:55 a.m.<\/p>\n

With Post wires<\/em>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Hyundai says it’s in talks with Apple amid electric car buzz” Apple\u2019s plans to build a \u201cbreakthrough\u201d electric car that could compete with Tesla appear to be heating up. South Korean auto giant Hyndai said it\u2019s having early discussions with the iPhone maker on Friday after a local broadcaster reported that the companies were hatching…<\/p>\n","protected":false},"author":1,"featured_media":150258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/01\/hyundai-42.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[88806,5029,70462,73548,36402],"class_list":["post-150257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-8-21","tag-apple","tag-electric-cars","tag-hyundai","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/150257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=150257"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/150257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/150258"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=150257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=150257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=150257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}