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http://cdn.carrotenglish.net:10080//reuters/2101/120_12_210111.mp4

• South Korea's Hyundai Motor said Friday it's in early talks with Apple after local media reported the two companies were discussing an electric car and battery tie-up.
• News of the possible deal with Apple sent Hyundai shares surging by 25%, and comes weeks after Reuters reported that Apple was aiming to produce a self-driving car by 2024.
• Earlier on Friday, Korea Economic Daily TV said Apple and Hyundai were in talks to develop self-driving electric cars by 2027 and batteries at U.S. factories operated by either Hyundai or its affiliate Kia Motors.
• But Hyundai later said in a statement that discussions with Apple are "at an early stage and nothing has been decided," without specifying what the talks were about.
• Apple declined to comment.
• An Apple-branded car could be a big challenge to electric car market leader Tesla.
• Analysts say Apple may be interested in using Hyundai's electric car platform and facilities to cut manufacturing costs.
• A tie-up with Apple would also be a major boost for Hyundai, whose global sales last year fell more than 15% due to the global health crisis.