Apple partners with two companies to develop electric cars

Once again, rumors circulate that US technology company Apple may be in talks with a potential partner for an EV development project. As published by the story outlet Korea Times, Apple is reportedly seeking a commercial deal with Magna International and LG to develop electric vehicles (EVs).

This alliance’s modus operandi will reportedly entail the Canadian company Magna International building the actual EV powered by LG-supplied batteries and operate on Apple’s software.

Although the report has attracted all the major news outlets globally, none of the companies involved in the report have confirmed or denied the news. Industry experts estimate that the latest report looks plausible as it creates a business vision.

LG’s lithium-ion batteries are used by electric vehicle (EV) manufacturers worldwide, and cars, including Hyundai Kona and Chevrolet Bolt, use LG battery packs to power them. On the other hand, Magna International specializes in making EV parts and is the authorized dealer for car manufacturers such as Ford, BMW, KIA, Hyundai, General Motors, Toyota, and Volkswagen.

The two companies are also working together to develop the LG Magna e-powertrain project, including the design and supply of inverters, electric motors, and onboard chargers. Therefore, it is in Apple’s best interest to have a complete formula ready to get started.

However, previous rumors about Apple’s electric car development became vague, and technology experts and vehicle enthusiasts are now waiting for confirmation from Apple.

Leave a Comment