As reported earlier this month, Hyundai was in advanced talks to build Apple’s rumoured vehicle at it’s US Kia manufacturing plant. However the deal is reportedly over, either at Apple’s or Hyundai’s request.
In a recent press statement, Kia statement that are talks ongoing to manufacturer cars for Apple.
Analyst and reporters have reported that one of the primary concern for Hyundai is their reluctance to work with outsiders, especially in a relationship that only see them as a manufacturer and not as a strategic partner.
The news hit Kia and Hyundai’s stock market valuation as investors saw potential long term value in the relation.
Read more on Reuters https://www.reuters.com/article/us-autos-tech-apple-hyundai-motor-idUSKBN2A800T