Judging from Apple's typical modus operandi, there's a good chance the company would stick with its FBI-like secrecy for the Apple Car too, although we can all see the whole thing hasn't really worked until now.
"As the discussion is at its early stage, nothing has been decided", the spokesperson was quoted as saying.
The partnership would allow the two companies to focus on what they do best, with Hyundai bringing its automotive manufacturing expertise and Apple its software and battery prowess. Production capacity was reported to be set at 100,000 vehicles around 2024, with a total annual capacity of the proposed plant scaling up to 400,000 vehicles.
Production of the vehicle could take place in the United States starting in 2024, with a "beta" version of the vehicle appearing in 2022.
Hyundai didn't comment on the report, according to Reuters, but did state that it has been in contact with several companies on the possibility of developing electric cars for the future. It ranks fourth in the global electric vehicle market share standings. This fact is a big point that Apple pays much attention to.
Collaboration with Apple is also expected to be a positive factor for Hyundai Motor.
It is unclear if Apple itself prompted Hyundai to backtrack.
In a bid to ideal the vehicle, it is claimed Hyundai and Apple are planning to release a "beta version" of the auto in 2022. "Hyundai Motor will have nothing to lose in collaboration with Apple".
Cook declined the offer, and Apple has since fallen behind despite being involved with electric cars since 2014.
It led to huge investor excitement, with shares in the carmaker up almost 20 percent on Friday.