Nissan Motor Co. on Sunday said it was not in talks with Apple Inc. to develop a standalone electric car, Reuters reported.
Earlier, the Financial Times reported that Apple had started brief low-level talks that ended with the Japanese automaker’s reluctance to make Apple-branded cars.
“We’re not in talks with Apple,” a Nissan spokeswoman told Reuters. “However, Nissan is always open to exploring partnerships and partnerships to accelerate the transformation of the industry.”
Nissan shares 7201,
fell 3% in Tokyo trade.
Apple AAPL,
it is reportedly looking to partner with an automaker to launch a standalone electric car as early as 2024.
Last week, Hyundai Motor Co. 005380 of South Korea,
he said he was no longer in negotiations with Apple, after leaking negotiations in January.