Shares in Hyundai Motor surged after the carmaker confirmed early stage discussions with Apple about building an electric vehicle in what could mark the US tech group’s eagerly-awaited move into the industry.
“Apple and Hyundai are in discussions, but as it is at an early stage, nothing has been decided,” South Korea’s Hyundai said in a statement to the Financial Times on Friday.
However, the carmaker played down its certainty of the potential partnership, adding that Apple was speaking with “a variety of global carmakers”. The US tech group declined to comment.
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