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Hyundai Motor Denies The News That It Will Develop A Self-driving Car An A Joint Venture With Google

Hyundai Motor denies the news that it will develop a self-driving car in cooperation with Google

Friday, 2 April 2021

/ by Ella Rose
Earlier, there were media reports that Hyundai Motor would spin off a division and jointly invest in the establishment of a joint venture with Google, dedicated to the research and development of driverless cars.

After the news was released, Hyundai Motor's share price rose sharply today, quoting 232,000 won, an increase of 5.94%. According to Yonhap News Agency, Hyundai Motor responded today that the news is not true.

According to Bloomberg News, Apple had previously negotiated with Hyundai Motor to discuss plans to develop Apple Car, and Hyundai Motor took the lead to announce the news. However, Apple later announced that it would suspend negotiations because it was uneasy about Hyundai's approach.

Global Trends America was informed that Hyundai Motor announced its performance on April 1. The company's global sales of vehicles reached 375,924 in March this year, a year-on-year increase of 22.4%. This is also one of the important reasons for its stock price to rise today.

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