South Korea’s Kia reviewing cooperation on EV business, after media report on Apple

South Korea’s Kia reviewing cooperation on EV business, after media report on Apple

 

South Korean automaker Kia said in a regulatory filing on Wednesday it is reviewing cooperation on its self-driving electric vehicle (EV) business; with multiple foreign companies, but that nothing has been decided.

 

South Korean online media Edaily reported late on Tuesday that Kia’s parent Hyundai Motor Group decided that; Kia would be in charge of a proposed cooperation with Apple regarding electric vehicles, citing unnamed industry sources.

 

Shares in Kia were up 7.9% as of 0127 GMT; compared to a 0.1 fall in the wider market.

 

In 2019, Hyundai partners Kia Motors to develop autonomous systems in models.

Hyundai Motor as well as its affiliate Kia Motors will invest in Aurora Innovation, a U.S. developer of self-driving technologies.

The plan is to integrate driverless systems into their models.

Financial terms were not disclosed.

The companies have been working for the past year to develop and integrate the “Aurora Driver,” Aurora’s self-driving system, into Hyundai Motor’s Nexo hydrogen fuel-cell vehicles as well as focusing on other projects.

 

 

 

 

About The Author

Osigweh Lilian Oluchi is a graduate of the University of Lagos where she obtained a B.A (Hons) in English, Masters in Public and International affairs (MPIA). Currently works with 1stnews as a Database Manager / Writer. [email protected]

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