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Automobiles

Hyundai confirms talks with Apple on possible EV project

Share price jumps 20% as automaker stresses discussions are in 'early stage'

SEOUL -- Hyundai Motor shares surged nearly 20% on Friday after South Korea's biggest automaker confirmed -- but then later played down -- reports that it is in talks with Apple to develop self-driving electric vehicles.

"We've been receiving requests for potential cooperation from various companies regarding developing autonomous EVs. No decisions have been made as discussions are in early stages," Hyundai said in a regulatory filing.

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