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