CNN Business has been unable to confirm the nature of the discussions. Hyundai said in a statement only that “we are receiving proposals for cooperation from various companies, but no decision has been made yet.”
Apple declined to comment.
In December, Hyundai unveiled engineering for a series of new electric cars. Called E-GMP, this basic vehicle structure will provide for over 300 miles of driving range, according to Hyundai, and can be charged to 80% of its full power in 18 minutes. It can be used as the basis of sedans and SUVs, the company has said.
“We believe Apple is in the early stages of talks and looking at a handful of strategic partnerships and collaborations globally with existing auto makers on the [electric vehicle] front, with Hyundai on the radar,” Wedbush analyst Dan Ives wrote in a research note published shortly after reports about the Hyundai discussions first broke.
He added that self-driving cars are probably fairly far off for Apple given safety and regulatory issues. But he said that electric cars are “what could ultimately be a trillion dollar opportunity globally over the next decade.”
“It’s a smart strategic move for Apple to dive into the deep end of the pool on this new age of [electric] vehicles,” Ives said.
— Peter Valdes-Dapena and Yoonjung Seo contributed reporting.