If the annual rumor surrounding each new iPhone release wasn’t enough to get your blood flowing, the whispers and gossip around the Apple car rumor should be more than enough to back you up. The latest news arrives through the Korea Times, reporting that Apple is “very close” to signing an agreement with South Korean tech giant LG and Canadian auto parts supplier Magna as manufacturing partners for its upcoming Apple-branded electric vehicle.
The last time rumors were so strong about a potential Apple suitor in its ten-year quest to build a car, Hyundai would have been the main prospect. But after a number of conflicting reports, the automaker finally released an official statement in February denying its involvement or intention to help with the Apple car. And despite the absence of a traditional automaker this time around, the report carries some weight given that LG and Magna announced an electric vehicle manufacturing partnership in December 2020 under the eye-catching name of “LG Magna e- Powertrain ”.
“LG Magna e-Powertrain is on the verge of signing contracts with Apple under which they could handle the initial volume production of Apple electric vehicles. Details of the contract are still being discussed,” an anonymous source told Korea Times.
The move would make sense, as Apple has a long-standing relationship with LG, which has previously supplied LCD screens and other components for the company’s smartphone lines. Likewise, teaming up with Magna, a well-established contract manufacturer in the auto industry, is also a logical move, rather than working with a company like Hyundai that is not used to building cars for outside partners. Magna Steyr, the company’s Austrian manufacturing company, already has experience with electric vehicles, currently producing the Jaguar I-Pace, as well as conventional cars like the current model Toyota Supra.
“With the LG brand not being that strong in the global EV industry, it needs a benchmark that is competitive enough to show its transformation efforts. From this point of view, LG’s bet on the Apple EV n ‘is not so bad, and vice versa for Apple “. another source told the exit.
The report also claims that we’ll see our first look at the Apple car in 2024. Like any rumor, it’s important to take this one with a grain of salt. Hard evidence is still thin on the ground, after all. However, these reports certainly have a rather insane quality, which suggests that we may be getting closer to the truth about Apple’s mystical EV project. After thinking about everything but 2016, the auto world has been in turmoil as new details of the project have leaked over the past six months. As always, time will tell.
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