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Why Reports of Apple Car Reaffirm Jim Cramer's Bullish Viewpoint on EV Sector

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Apple is reportedly considering partnering with Hyundai-Kia to build an "Apple Car."

The report says that the two will reach an agreement to build autonomous electric vehicles beginning in 2024. 

While unconfirmed, expectations that Apple is partnering with a car company to enter the EV market will only add to Apple’s long-term growth story, influential Wedbush Securities’ research analyst Dan Ives wrote in a research note to clients.

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.

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