Saturday , February 27 2021

Kia, of South Korea, says that after the report of Apple the cooperation of electric vehicles with several companies was reviewed

SEOUL: South Korean manufacturer Kia Motors Corp. said Wednesday it is reviewing cooperation on electric cars that drive automatically with several foreign companies, not to mention a report linking it to a project with technology giant Apple Inc.

Kia’s comment, published in a regulatory filing as its shares rose nearly 20 percent in Seoul, came after national online publication Edaily reported Tuesday afternoon that Kia’s mother, Hyundai Motor Group , had decided that Kia would be in charge of the proposed cooperation with Apple in electrical matters. cars. The report cited unnamed industry sources.

Hyundai Motor declined to comment. Apple was not immediately available for comment outside of U.S. business hours.

Kia’s sister company, Hyundai Motor Co., said earlier this month that it was in initial talks with Apple, after local media reported that companies were discussing an electric car and the battery connection, and that they sent Hyundai shares nearly 25 percent. Apple did not want to comment at that time.

In December, Reuters reported that Apple was advancing with automobile technology and wanted to produce a passenger vehicle that could include its own advanced battery technology as early as 2024.

Shares of Kia rose 7 percent, while shares of Hyundai Motor fell 2.7 percent from 0140 GMT, compared to a 0.3 percent drop in the broader market.

(Report by Joyce Lee and Heekyong Yang; edited by Tom Hogue and Kenneth Maxwell)

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