Hyundai says it is not in talks with Apple on autonomous cars

Kia shares had jumped 61% since Hyundai initially confirmed a local media report early in January that Apple and Hyundai were in discussions to develop self-driving electric vehicles by 2027 and develop batteries at U.S. factories operated by either Hyundai or Kia.

let the shares drop a lot more then. Aren't worth that much anyway.

@Hillclimber

Hyundai is far smaller than Volkswagen or Toyota, Ford, Dailer, Honda, GM, FiatChrysler, etc.

https://www.focus2move.com/world-car-group-ranking/

VW : 9.31 million

Toyota : 8.90 million

Renault Nissan Alliance : 7.95 million

Hyundai-Kia : 6.52 million

GM : 6.26 million

Honda : 4.5 million

Had Volkswagen or Toyota been in talks with Apple

Volkswagen was one of two finalists, the other being Hyundai. Hyundai won out over VW due to its US production capacity that VW lacked.

Japanese weren't considered due to lack of suitable EV platform and technology.

@samit basu didn't toyota come out to the top based on the number of cars produced?

Japanese weren't considered due to lack of suitable EV platform and technology.

what makes you think so? and try showing me the rankings of these companies in fortune 500 list.

you seem a to dig up links real quick.

@samit basu seems like you have no idea about toyota mate. Try learning about Japan too sometimes. Calling toyota or honda inferior in technology huh. lol what a big joke you are. your ignorance and hatred towards japan is laughable.

@Sindhoor GK

didn't toyota come out to the top based on the number of cars produced?

No. And that's 2020 ranking.

what makes you think so?

https://news.nifty.com/article/world/korea/12211-955078/

日経によると、アップルとの交渉が行われているかどうかについて、ホンダとマツダは「コメントできない」という反応を見せ、三菱自動車は、「そのような事実はない」と否定した。日産自動車も回答を避けたと日経は伝えた。

> 自動車部品会社の最高経営責任者（CEO）は、「トヨタ自動車も、ホンダからもアップルカー生産の話は聞いたことがない」とし「まずは自社の電気自動車事業が優先であること」と見通した。

Major Toyota and Honda parts supplier's CEO has never heard of Apple approaching Toyota and Honda. Mitsubishi explicitly denied they were ever in contact with Apple.

By comparison, Kia suppliers had specific discussions on Apple Car project.

@samit basu well, apple most likely won't approach either Toyota or Honda. As a person who observes Apple's supply chains it wouldn't be any beneficial to such companies like toyota and Honda, Even if approached, Toyota and Honda would have most likely rejected the offer. I think, Apple's most probably gonna settle with magna for this. Could you read the whole nikkei article properly and post the links to the full article as half pointed paragraphs like these can be misleading.

@samit basuBtw kid, Toyota sold 10.7 million vehicles in 2019 and Volkswagen sold 10.91 million vehicles in 2019. Gotta check your figures once again.

Well, not just magna, foxconn. Companies like nidec, Hitachi astemo are actually better suited.