[Featured Stock] Hyundai Motor Group Shares Rise on News of Apple Car Joint Development
[Asia Economy Reporter Hyunseok Yoo] Hyundai Motor Group stocks are on the rise. It appears that the news of collaborating with Apple to develop the 'Apple Car' has had an impact.
As of 9:22 AM on the 8th, Hyundai Motor was trading at 233,000 KRW, up 13.11% (27,000 KRW) compared to the previous trading day. Hyundai Mobis and Hyundai Wia rose 20.36% and 11.86%, respectively.
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On this day, a media outlet reported that Apple has proposed cooperation to Hyundai Motor Group for the launch of the Apple Car and is currently in negotiations. Apple is expected to collaborate with Hyundai Motor Group not only on electric vehicle production but also on battery development. The target launch date is 2027.
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