Hyundai Motor confirmed last month that the company is in talks with Apple to create an unmanned electric vehicle called the Apple Car.
Apple and Hyundai / KIA were expected to sign a cooperation agreement on February 27, under which the former will invest $ 3.5 billion to begin production of its electric vehicles at the KIA plant in Georgia.
Over the weekend, reports emerged that Apple was indeed in talks with Hyundai and Kia Motors to create an electric car, but after the information leaked, all communication between the companies stopped. Now it has been officially confirmed.
Hyundai and Kia have confirmed that the companies have ended negotiations regarding the production of the Apple Car. Hyundai and Kia also said they had received requests from various companies to develop self-driving electric vehicles, but no decision was made as negotiations were in the early stages and did not move in a positive direction.
Although negotiations with Hyundai and Kia ended without a deal, Apple’s communication with other companies is still unknown. Apple is believed to be in talks with six other companies, including the Japanese automaker, whose shares rallied amid the rumors.
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