Hyundai and Apple’s EV partnership is pushing stock prices up.
Craig Cole / Roadshow
Hyundai Motor’s share prices are rising by as much as 17.5 percent, according to a report published by Reuters on Thursday.
The increase is likely due to the announcement of a partnership between the South Korean carmaker and appeal around the Apple engine, or Project Titan. It is specifically said that Hyundai will lead the battery design for the electric vehicle.
This news comes just weeks after the announcement that Hyundai has a 80% controlling interest in creepy robot dog the manufacturer Boston Dynamics for $ 921 million. We honestly cringe at the thought that creepy robot EV snakes or worse are coming out of this.
Hyundai did not immediately respond to Roadshow’s request for comment.
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