[Featured Stock] Newintec Gains on 100% Supply of Capacitors for Hyundai Hydrogen and Electric Vehicles... Strong on Apple Collaboration News

[Asia Economy Reporter Minwoo Lee] Newintec's stock price is on the rise. It is considered a direct beneficiary as Hyundai Motor Company, which supplies 100% of the capacitors for hydrogen and electric vehicles, is reportedly collaborating with Apple.

On the 8th, as of 1:25 PM, Newintec, an eco-friendly automobile parts manufacturer, recorded a stock price of 3,240 KRW, up 5.37% from the previous day. The news of Hyundai Motor Company and Apple jointly developing an autonomous electric vehicle appears to have acted as a positive factor.

Newintec currently supplies 100% of the capacitors for electric and hydrogen vehicles of Hyundai Motor Company and Kia Motors, and 80% of the capacitors for hybrid vehicles. Capacitors, commonly known as condensers, stabilize the voltage supplied from the battery and enhance the efficiency of the vehicle motor. They are considered essential components for eco-friendly vehicles such as hybrid cars, electric cars, and hydrogen cars.

Meanwhile, Hyundai Motor Company stated regarding the news that Apple is jointly developing the Apple Car with Hyundai Motor Company, "Discussions are ongoing, but it is still in the early stages and nothing has been decided yet." On the same day, a broadcasting media reported that Hyundai Motor Company and Apple are jointly developing the 'Apple Car,' which is scheduled to be released in 2027.