Hyundai Revises Statement of EV Cooperation with Apple, Hyundai Shares Up 20%
Jan 9 2021 · 10:44 UTC | Updated
Jan 9 2021 · 10:45 by Benjamin Godfrey · 3 min read
Photo: Pixabay
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With reports of Apple aiming at developing its own EV autonomous vehicles, the company will surely find a collaboration with Hyundai or any other established auto manufacturing firm.
South Korean multinational automotive manufacturer Hyundai Motor Co (KRX: 005380) has seen a massive $8 billion surge in its market value after the company said it is in talks with American technology giant Apple Inc (NASDAQ: AAPL) over the possibilities of helping to build its electric vehicles, a statement it revised shortly. Per a Bloomberg report, Hyundai motors revised its statement on the Apple collaboration twice with the final version noting that it had received requests from different companies to develop EV self-driving cars, removing its reference to Apple