Hyundai shares soar on Apple car talks report

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Hyundai shares rise 8.4 percent after reports of Apple having approached the South Korean company to discuss a partnership on electric cars and batteries

The logo of Hyundai Motors is seen on a steering wheel on display at the company's headquarters in Seoul, South Korea, March 22, 2019.

Hyundai Motor shares rocketed 19.4 percent in Seoul, with its affiliate Kia also jumping 8.4 percent at the close. South Korea's Yonhap news agency quoted a Hyundai representative as saying the firm was "at an initial stage of talks with Apple". Consumer interest in eco-friendly vehicles has mounted in recent years with Tesla largely taking the lead in the sector.

 

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