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ag cG An alliance between Apple and Hyundai to come? - The Times Hub

An alliance between Apple and Hyundai to come?

An alliance between Apple and Hyundai to come?

An alliance between Apple and Hyundai to come?

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.

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