[Asia Economy Reporter Lee Seon-ae] As news spreads that Hyundai Motor has designated Kia Motors as the production lead for cooperation on Apple’s autonomous electric vehicle, the ‘Apple Car,’ Hyundai Motor Group stocks are showing a simultaneous rise.
On the 20th, Hyundai Motor’s stock price surged to 277,000 KRW during trading, and as of 9:26 AM, it is trading at 262,500 KRW, up 0.38% from the previous day.
Hyundai Wia and Hyundai Mobis are showing increases of 5.30% and 0.14%, respectively.
Kia Motors is trading at 93,800 KRW, up 10,400 KRW (12.47%) from the previous day. The Georgia plant in the United States is emerging as a candidate for Kia’s Apple Car production base. Established 11 years ago in the southeastern United States, the Georgia plant covers an area of 2,612,000㎡ and is equipped with press, body, painting, and assembly factories.
However, Hyundai Motor Group maintains that no decisions have been made yet.
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