Kia shares rose more than 6% in early trading on Friday after a South Korean news website reported that the company and Apple IncThe possibility of co-building cars still exists.

Apple Inc and Kia signed a memorandum of understanding last year agreeing to cooperate in eight areas, including electric vehicles, and negotiations on electric vehicles have not been completely cancelled, the report said. Hyundai Motor Group, Kia's parent company, is still in talks with Apple Inc, according to a source who spoke on condition of anonymity.

Hyundai said earlier this month that it was not in talks with Apple Inc on self-driving electric vehicles. A month earlier, the company had confirmed preliminary negotiations with Apple Inc.