Hyundai’s value surged by $9bn (£6.6bn) on Friday after reports that it could join with Apple in developing a driverless electric vehicle – despite confusion as it backtracked on a statement acknowledging “early discussion” with the iPhone manufacturer. It was suggested that Apple could look for a traditional manufacturing partner to help make the car. Apple did not comment on the Hyundai statement. An Apple vehicle would have the design cachet to compete with the California company, which shipped almost 500,000 vehicles last year and has pushed the boundaries of autonomous driving as well as electric car technology. Apple is notoriously tight-lipped about its product development plans but it has been reported to have been working on Project Titan, its electric and autonomous car vision, since 2014.

Source: The Guardian January 08, 2021 16:41 UTC