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Hyundai Motor confirms self-driving-car talks with Apple, shares skyrocket

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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
005380,
+20.87%

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…



Source marketwatch.com

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