Yes, folks, it’s happening again. A new report speculates that Apple may be in talks with a potential partner to help it build its first car. Obviously, there is nothing official at this point, although a South Korean publication claims LG and Magna are close to signing a deal with the tech giant to make the car. electric.
the Korea Times Apple reports that Apple is in talks with the LG Magna e-Powertrain joint venture, the latter to produce the first laps of the Apple car. The cooperation between LG and Magna is not yet finalized, but it is expected to reach its final stage later this year. Apple is considered its first major customer.
“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,” a suspected source reported. ‘be “familiar with the problem”. The Korea Times.
The deep ties between Apple and LG would have been the key factor in bringing the two companies “very close” to reaching an agreement. The tech giant is already working with LG group subsidiaries such as LG Display, LG Chem, LG Energy Solution and LG Innotek.
“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 commented on the Korean post.
Aside from the recent report, there isn’t much other evidence that Apple is in talks with LG and Magna, which means you should take this information with a grain of salt. Previous reports of potential cooperation between Apple and companies in the auto industry have all had a negative outcome, and we will wait until there is official confirmation of the potential new partnership.