Apple/Hyundai motor vehicle talks finished fruitlessly, report says

Aurich Lawson/Jonathan Gitlin/Getty Photos If Apple has ideas to build an electrical autonomous motor vehicle,…

Aurich Lawson/Jonathan Gitlin/Getty Photos

If Apple has ideas to build an electrical autonomous motor vehicle, it will never be with Hyundai Motor Group. On Sunday, Bloomberg claimed that “men and women familiar with the make any difference” informed the publication that “Apple paused discussions with Hyundai and Kia weeks back”.

Apple’s extremely secretive vehicle plans—codenamed Task Titan—have pushed a ton of speculation over the yrs. The hottest bout of rumormongering started in December 2020, when Reuters, citing anonymous sources, claimed that Apple was likely to get started creating and promoting a automobile by 2024.

The rumors shifted to a larger gear in early January, when the Korea Economic Everyday reported that Apple experienced been in talks with the Korean automaker Hyundai Motor Group. This was verified by Hyundai to other shops, albeit vaguely the firm explained to CNBC that Apple had been in talks with other automakers as properly and that no specials had been signed.

Final week, speculation had achieved the level the place we had been advised that “completely autonomous” Apple Autos would go into manufacturing at Kia’s manufacturing facility in West Position, Ga, within the subsequent few decades. On the other hand, the report also suggested—improbably, in our view—that these Apple Automobiles could be destined for daily life as robotaxis or even providing deals.

Hyundai and Kia shares both fell next the denial. As for a achievable Apple Automobile, I’ll remain skeptical until Apple shows it off on phase.