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Although the talks are still in their early stages, several media outlets reported Friday that Hyundai Confirmed these conversations with Apple.
News of the talks between Hyundai and Apple was first reported on the website of the Korean Economic News "The Corian Economic Daily"Although Bloomberg, Reuters and other outlets and news agencies quoted Hyundai as saying it was taking place "What discussions" With Apple on developing a car.
And she could not "CNN Business" From confirming the nature of the talks, Hyundai said in a statement "We received many suggestions for cooperating with several companies, but no decision was taken on this"While Apple declined to respond to inquiries in this regard.
Nevertheless, shares of the South Korean carmaker rose as investors looked into the possibility of Hyundai being a partner in a project Apple car Which has long been rumors about.
The stock last rose by more than 20 percent, during the exchange in the money market in the South Korean capital Seoul, making it on its way to being its best price in a day in at least 20 years, according to the data provider. "Refinitiv".
It is worth noting that the two companies have a reason to look into the partnership between them, and talk about Apple’s interest in electric self-driving cars has been around for years, but this talk has intensified recently.
A report to Reuters last month, citing unnamed sources, said that Apple plans to produce a passenger car by 2024, while a Bloomberg report this week, citing unnamed sources, said that Apple company Early development work on an electric car has begun, but production will not be for at least 5 years.
Meanwhile, Hyundai pledged to join the race to develop such vehicles, and the company said last October that it planned to invest $ 37 billion in "Future mobility technology" By 2025, a commitment that puts it on par with big players like Volkswagen.
And in December, Hyundai revealed the engineering of a series of new electric cars, called it "E-GMP", The company said it could be used as the basis for electric sedans and SUVs.
A company analyst wrote "ويدبوش"Dan Ives, in a research note shortly after news spread about discussions with Hyundai: "We believe Apple is in the early stages of talks and is looking at a handful of strategic partnerships and collaborations globally with current automakers on the front line. [السيارة الكهربائية]Hyundai is one of them".
He added that self-driving cars might be a bit far from Apple due to safety and regulatory issues, but he said electric cars are "What could ultimately be a trillion dollar opportunity globally over the next decade".
Ives said: "It’s a smart strategic move for Apple to delve deeper into the sector in this new era of electric vehicles".
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Although the talks are still in their early stages, several media outlets reported Friday that Hyundai Confirmed these conversations with Apple.
News about the talks between Hyundai and Apple was first reported on the website of the Korean economic news newspaper, “The Korean Economic Daily,” although Bloomberg, Reuters and other news outlets and agencies quoted Hyundai as saying that it was in “some discussions” with Apple about developing a car.
“CNN Business” was unable to confirm the nature of the talks, and Hyundai said in a statement, “We have received many suggestions regarding cooperation with many companies, but no decision has been taken on this,” while Apple declined to respond to inquiries in this regard. .
Nevertheless, shares of the South Korean carmaker rose as investors looked into the possibility of Hyundai being a partner in a project Apple car Which has long been rumors about.
The stock last rose by more than 20 percent during the exchange in the capital market in the South Korean capital Seoul, making it on its way to being its best price in a day in at least 20 years, according to data provider Refinitiv.
It is worth noting that the two companies have a reason to consider a partnership between them, and talk about Apple’s interest in electric self-driving cars has been around for years, but this talk has intensified recently.
A report to Reuters last month, citing unnamed sources, said that Apple plans to produce a passenger car by 2024, while a Bloomberg report this week, citing unnamed sources, said that Apple company Early development work on an electric car has begun, but production will not be for at least 5 years.
Meanwhile, Hyundai pledged to join the race to develop such vehicles, and last October the company said it plans to invest $ 37 billion in “future mobility technology” by 2025, a commitment that puts it on par with big players like Volkswagen.
And in December, Hyundai unveiled the engineering of a series of new electric cars, called “E-GMP”, which the company said could be used as the basis for electric sedans and SUVs.
“We believe that Apple is in the early stages of talks and is looking at a handful of strategic partnerships and cooperation globally with the current car makers on the front line,” Wedbush analyst Dan Ives wrote in a research note shortly after news of discussions with Hyundai spread. [السيارة الكهربائية]Hyundai is one of them. “
He added that self-driving cars might be a bit far from Apple due to safety and regulatory issues, but he said that electric cars are “what could ultimately create a trillion dollar opportunity globally over the next decade.”
“It’s a smart strategic move for Apple to dive deep into this sector in this new era of electric cars,” said Ives.
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