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Apple, Hyundai Motor Set to Agree Electric Car Tie-Up

Hyundai Motor and Apple Inc. plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States.

In a statement, Hyundai Motor said 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 percent.

An updated version of the IT news report removed details, including production location and capacity and the timeframe for signing the agreement and launching the pilot vehicles.

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