"Hyundai Motor and Apple Not Proceeding with Apple Car Negotiations," Foreign Media Urgently Report
[Asia Economy Reporter Yujin Cho] On the 8th, major foreign media outlets reported breaking news that Hyundai Kia Motors Group and Apple are not in talks regarding the development of the autonomous electric vehicle 'Apple Car'.
Bloomberg News cited Hyundai Kia Motors' clarification announcement, stating, "Hyundai Kia Motors has announced that it is not discussing cooperation with Apple on the development of autonomous electric vehicles."
Bloomberg News previously reported on the 6th, citing multiple sources, that Apple had been in talks with Hyundai Kia Motors regarding electric vehicle production, but those discussions were temporarily halted a few weeks ago. The news agency added, citing anonymous sources, that Apple is discussing similar plans with other automobile manufacturers as well.
Japanese media also rushed to report Hyundai Kia Motors' clarification announcement, stating, "After Hyundai Kia Motors of South Korea announced that it is not discussing autonomous vehicle development with Apple on this day, their stock prices plummeted."
Japan's Nihon Keizai Shimbun analyzed, "As recently as the 8th of last month, Hyundai Motors acknowledged cooperation with Apple, saying 'discussions are at an early stage,' but Apple, displeased with Hyundai Motors' announcement, may have unilaterally halted the talks."
The newspaper, citing Korean media reports, conveyed, "Apple and Hyundai Kia Motors discussed developing autonomous electric vehicles by 2027 and developing batteries at U.S. factories operated by Hyundai or Kia," adding that Hyundai Motors and Kia Motors' stock prices fell by 6.8% and 13.6% respectively during the trading session, amplifying the index's decline.
U.S. economic media CNBC also cited Hyundai Motors' clarification announcement on the same day, reporting, "Hyundai Motors has received requests for joint development cooperation related to autonomous electric vehicles from multiple companies, but no decisions have been made as it is still in the early stages."
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The outlet only reported the factual information that "Hyundai Motors is considering the possibility of cooperating with 'several overseas companies' on autonomous electric vehicles but no decisions have been made yet," without providing additional commentary.
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