Hyundai’s title jumped on Monday in reaction to rumored deal with Apple. (Photo: 123RF)
Korean automaker Hyundai and tech giant Apple reportedly set to team up to produce self-driving electric cars, Reuters agency reports, which quotes from Korean media.
Hyundai said in a statement Friday that it was in preliminary discussions with Apple, which wants to get into self-driving car technology. The companies have reportedly agreed to a partnership deal and plan to ratify it soon, Reuters reported in an article published on Sunday.
A first prototype of an autonomous vehicle could be tested as early as next year, with a view to marketing from 2024.
The cars could be built at the Kia plant, a subsidiary of Hyundai, at its plant in the US state of Georgia and produce up to 400,000 vehicles per year.
Around 1 p.m., the value of Hyundai shares jumped more than 30% on the New York Stock Exchange, to $ 70 per share.