Investing.com investing.com 10 Jan, 2021 16:15 am

Apple, Hyundai set to agree electric car tie-up, says Korea IT News By Reuters

Apple, Hyundai set to agree electric car tie-up, says Korea IT News By Reuters
Apple, Hyundai set to agree electric car tie-up, says Korea IT News

FILE PHOTO: The Apple logo is seen at an Apple Store, as Apple's new 5G iPhone 12 went on sale in Brooklyn, New York p SEOUL (Reuters) - Hyundai Motor and Apple Inc (NASDAQ: AAPL ) plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States, local newspaper Korea IT News reported on Sunday.The report follows a statement on Friday from Hyundai Motor that it was in early talks with Apple after another local media outlet said the companies aimed to launch a self-driving electric car in 2027, sending Hyundai shares up nearly 20%.Hyundai Motor declined to comment on the report on Sunday, and reiterated Friday's comments that it has received requests for potential cooperation from various companies on developing autonomous EVs.Kia Motors is an affiliate of Hyundai Motor.

Google suspends Parler social networking app from Play Store; Apple gives 24-hour warning p By Elizabeth Culliford and Stephen Nellis (Reuters) - Alphabet (NASDAQ:GOOGL) Inc's Google on Friday suspended the Parler social networking service from its app store, citing posts.The previous version said the companies planned to build the cars at Kia Motors' factory in Georgia, or invest jointly in a new factory in the United States to produce 100,000 vehicles around 2024.

Read full story at investing.com