Placeholder Image

Subtitles section Play video

  • Kia shares soared Wednesday after media reports linked it to Apple's rumored electric car project.

  • South Korea's E Daily says parent firm Hyundai Motor Group has decided Kia will be in charge off working with the US Tech giant.

  • The report cited unnamed industry sources, and Kia would only say it was reviewing cooperation on electric vehicles with multiple foreign firms.

  • There was no comment from Apple earlier this month.

  • Young Day did say it was in early talks with the iPhone maker that after Reuters reported in December that Apple was moving ahead with plans to produce a car as early as 2024.

  • Kia last week revealed a new logo and other branding changes as part of what it said was a move beyond vehicle manufacturing.

  • But it didn't specify what new projects it had in mind.

Kia shares soared Wednesday after media reports linked it to Apple's rumored electric car project.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it