Nissan Motor Co. said on Sunday it was not in talks with Apple Inc. to develop an autonomous electric car, Reuters reported. Earlier, the Financial Times reported that Apple had started brief low-level talks that ended in the Japanese automaker’s reluctance to make Apple-branded cars.
“We are not in talks with Apple,” a Nissan spokeswoman said, according to Reuters. “However, Nissan is always open to exploring collaborations and partnerships to accelerate the transformation of the industry.” Shares of Nissan 7201, -2.82% fell 3% in Tokyo trading. Apple AAPL, + 0.18%, is reportedly looking to partner with an automaker to launch an autonomous electric car in 2024. Last week, South Korea’s Hyundai Motor Co. 005380, + 0.82% said it was no longer in talks with Apple, after leaking news of the negotiations in January.