Shares of Hyundai Motor Co. soared more than 20% in Seoul trading Friday after the South Korean auto maker confirmed it was in talks with Apple Inc. to develop a self-driving electric car.
“Apple and Hyundai are in discussion, but as it is at early stage, nothing has been decided,” Hyundai said in a statement.
That was enough to spark Hyundai’s
sharpest intraday trading gain since at least 1988.
The Korean news website Hankyung first reported the Apple news, saying Hyundai would manufacture the Apple-designed car as well as develop batteries for it.
Separately, Bloomberg News reported Thursday that it will take…