Hyundai Motor Company stock price soared by 20% on Jan 8th trade due to market news that Apple could partner with Hyundai Motors in electric cars manufacturing.
By 2024, Apple company wants to launch electric vehicles. So there is high possibility that Apple could partner with any automaker company which is in same segment.
Hyundai Motors market value post surge of 20% of Hyundai Motors stock price is 55.5 Billion USD.
In case if Hyundai Motors and Apple partners in electric vehicles manufacturing even after 20% stock price jump also, Hyundai Motor Company is worth to invest.