AAPL - Apple and Hyundai in talks over electric vehicle partnership

Hyundai Motor (HYMLF) is up more than 20% in Seoul trading after the company confirmed that it is in early stage talks with Apple (AAPL) about working together to develop a self-driving car, without any firm plan in place yet.Reports suggest both electric vehicle production and battery development have been discussed on an initial basis about a car that could potentially be released in 2027.Wedbush Securities analyst Dan Ives thinks Apple is looking at a handful of strategic EV partnerships and collaborations globally with existing automakers, including Hyundai.More from Ives: "We believe based on our investor conversations over the last few weeks that many on the Street would rather see Apple partner on the EV path, than start building its own vehicles/factories given the margin and financial model implications down the road, coupled with the strategic product risk around such a gargantuan endeavor. This speaks to our view that the chances of a

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Apple and Hyundai in talks over electric vehicle partnership