Apple car. Photo = Hankyung DB.
Hyundai Motor Company(249,000 +1.43%)And Kia(98,400 +0.72%)Is on the rise.
As of 9:27 am on the 4th, Hyundai Motor Company is trading at 253,000 won, up 7,000 won (2.85%) from the previous day. Kia Motors climbed more than 3% and exceeded the 100,000 won mark during the week.
Investment sentiment improved when news of Hyundai-Kia Motors and Apple entering the final stage of negotiations to produce self-driving electric vehicles through foreign media.
The US economic media CNBC quoted sources as saying, “The negotiations to manufacture an Apple-branded self-driving electric vehicle at the Kia assembly plant in West Point, Georgia, in the United States, are nearing completion.”
However, he added that a final agreement has not yet been reached between Apple and Hyundai and Kia, and that Apple may join hands with other automakers.
In addition, the support of earnings improvement is a positive factor. Last month, Hyundai Motors sold a total of 319959 units in the global market, including 59501 units in Korea and 260,458 units overseas. In January, Kia Motors sold 22,6298 units, including 41,81 units in Korea and 18,817 units overseas. In particular, their domestic sales volume increased significantly. Compared to the same period last year, Hyundai Motor’s domestic sales increased 25% and Kia Motors’ 12% increased.
Chae Seon-hee, Hankyung.com reporter [email protected]
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