We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Apple Inc | NASDAQ:AAPL | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.29 | -0.17% | 169.60 | 169.00 | 171.01 | 171.34 | 169.18 | 169.88 | 44,849,856 | 05:00:00 |
From Apr 2019 to Apr 2024
By Kwanwoo Jun
Shares of Hyundai Motor Co. and its main auto-parts supplier Hyundai Mobis Co. soared Friday as the South Korean auto giant confirmed it is in talks with Apple Inc. to develop electric-car batteries.
The potential tie-up could offer an indicator that plans for Apple's long-awaited electric vehicles are advancing.
Hyundai Motor was trading 20% higher, paring some of its earlier gains after surging much as 24% on the news. Hyundai Mobis also jumped nearly 30% before trading 22% higher later.
The two auto stocks drove gains in the broader stock benchmark Kospi, outperforming the broader market's 2.2% rise in the morning.
The rally began on a Korea Economic Daily report that Hyundai Motor or sister company Kia Motors Corp. could partner with Apple to develop batteries for electric vehicles, as the U.S. tech giant aims to launch its own electric cars, likely by 2027.
"Apple and Hyundai are in discussions, but as it is at [an] early stage, nothing has been decided," a Hyundai Motor official said in a brief response to the news report without elaborating.
Apple didn't immediately respond to requests for comment.
The U.S. tech giant has been working for years on its own electric-vehicle project with driverless and high-tech cars in mind. An earlier Reuters news report said Apple is pushing for 2024 production.
Write to Kwanwoo Jun at kwanwoo.jun@wsj.com
(END) Dow Jones Newswires
January 07, 2021 22:07 ET (03:07 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Apple Chart |
1 Month Apple Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
