Hyundai & Kia reaction on Autonomous Vehicle: In early January, there were reports that South Korean automakers Hyundai Motor and Kia Motors were in talks with Apple to produce autonomous vehicles. Reacting to this, the company said that they were not negotiating with Apple to develop an autonomous vehicle.
Hyundai Motor shares fell 6.8% in South Korea on Monday morning, while Kia Motors shares have fallen by 13.6%. Due to this, shares of several other subsidiaries including Hyundai Wia,
Hyundai Mobis and Hyundai Glovis have also come down sharply. Kia Motors, the second-largest carmaker in South Korea after Hyundai, reported that it was reviewing the possibility of collaborating with "foreign companies" on autonomous electric vehicles, but nothing was decided is.