Apple reportedly talking to Korean manufacturers for Apple Car
Seeking Alpha2021-08-10
- Apple has reportedly met with Korean electric vehicle companies SK Innovation, LG Electronics and Magna to serve as suppliers for the Apple Car.
- "Without partnerships with Korean vendors, Apple won't be able to complete its EV business plan. As far as I know, Apple has talked with LG, SK and Hanwha, but the talks are still in the early stages," an industry source tells The Korea Times.
- The source says Apple (AAPL) has held "advanced meetings with EV battery maker SK Innovation. The company has also met with LG and Magna, which have a joint venture called LG Magna e-Powertrain that manufactures e-motors, inverters, on-board chargers and e-drive systems.
- Rumors that Apple (AAPL) would team with LG Magna e-Powertrain first surfaced earlier this year.
- Previously, the company was said to favor Hyundai-Kia as a manufacturing partner but the company later denied the reports.
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