Hyundai Motor shares surge 17.5% on report of battery tie-up with Apple By Reuters

SEOUL (Reuters) – Shares of Hyundai Motor Co surged as much as 17.5% to 242,000 won ($221.35) on Friday on a media report of cooperation between South Korean automaker and Apple Inc (NASDAQ:AAPL) on developing electric cars and batteries.

Hyundai Motor declined to comment on the matter.

($1 = 1,093.2700 won)