Hyundai is Currently in Talks With Apple for Potential Electric Car Partnership

The Korean automaker’s stock price surged over 20 percent following the news.

Automotive 
22,202 Hypes 6 Comments

Hyundai is reportedly in talks with Apple over a potential partnership to develop electric cars together.

While Apple itself has been silent on the potential deal, Hyundai has confirmed with Bloomberg and CNBC that talks are indeed taking place between the two companies, although “it is at early stage, nothing has been decided.” Despite this, news that the South Korean automaker could be partnering with the American tech giant spurred massive interest in the former’s stocks, with its share price surging more than 20 percent in the Korea Exchange during trading today.

The news of the potential partnership comes soon after both companies have doubled down on their efforts to produce electric vehicles in the near future. Back in August, the Hyundai Motor Group announced IONIQ, a new brand focused exclusively on manufacturing battery-powered EVs, with three models already planned for production. Reuters also reported just last month that Apple is refocusing on its Project Titan, with plans to produce an EV as soon as 2024.

Elsewhere in the automotive world, Azimut’s Grande Trideck is the brand’s largest megayacht yet.

Read Full Article

What to Read Next

Nike's Blacked-Out Air Max 95 NDSTRKT Isn't Messing Around
Footwear

Nike's Blacked-Out Air Max 95 NDSTRKT Isn't Messing Around

The technical and tooled-up sneaker is bolstered with rugged overlays, beefy toe caps and more.

Tom Sachs Spotted Wearing NikeCraft Mars Yard 2.5 With ACG Sole Unit
Footwear

Tom Sachs Spotted Wearing NikeCraft Mars Yard 2.5 With ACG Sole Unit

Fitted with rugged details all around.

Virgil Abloh Teams up With serpentwithfeet To Drop Latest 'Delicate Limbs' Track and Music Video
Music

Virgil Abloh Teams up With serpentwithfeet To Drop Latest 'Delicate Limbs' Track and Music Video

Virgil Abloh’s new single is out now.

8 Drops You Don't Want to Miss This Week
Fashion 

8 Drops You Don't Want to Miss This Week

Featuring TNF x Gucci, HUMAN MADE, Dior, UNDERCOVER and more.

Chinese History Informs Latest adidas Originals Superstar
Footwear

Chinese History Informs Latest adidas Originals Superstar

A fresh iteration of the classic Superstar sneaker.


Universal Studios Japan Offers Virtual Web Tour of Super Nintendo World
Entertainment

Universal Studios Japan Offers Virtual Web Tour of Super Nintendo World

Check out Mario Kart: Koopa’s Challenge and Yoshi’s Adventure.

New Balance’s 992 Given a Juicy Purple Makeover
Footwear

New Balance’s 992 Given a Juicy Purple Makeover

Available exclusively at Asphaltgold.

Zack Snyder Offers First Look at His Upcoming Netflix Zombie Film 'Army of the Dead'
Entertainment

Zack Snyder Offers First Look at His Upcoming Netflix Zombie Film 'Army of the Dead'

“It is a full-blown, balls-to-the-wall zombie heist movie.”

Lil Baby's "The Bigger Picture" Goes Platinum
Music

Lil Baby's "The Bigger Picture" Goes Platinum

Earning the 26-year-old his 40th platinum plaque.

Off-White™'s Latest Sneaker-Boot Hybrid Plays on Familiar Workwear Cues
Footwear

Off-White™'s Latest Sneaker-Boot Hybrid Plays on Familiar Workwear Cues

Complete with a marble-printed tag.

More ▾
 
We got you covered. Don’t miss out on the latest news by signing up for our newsletters.

By subscribing, you agree to our Terms of Use and Privacy Policy.